Which One of the Following Would Be Included in the Calculation

question 91

Multiple Choice

Which one of the following would be included in the calculation of GDP by the expenditure approach?

• A)the purchase of 20 shares of a new issue of IBM stock
• B)the purchase of an original eighteenth century work of art
• C)the value of your brother's services when he mows the lawn for the family
• D)the cost of adding a new kitchen to your house
• E)the income you pay to your gardener

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to fund its operations and investments.

High-growth Firms

Companies characterized by their fast-paced growth in revenues, market share, or employees, typically outperforming their industry averages.

High-tech

Referring to industries or products involving the latest technology, often in the fields of electronics, computers, and biotechnology.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical or mental impairments in people.