Which of the Following Items Are NOT Counted in U

question 27

Multiple Choice

Which of the following items are NOT counted in U.S. GDP?

• A)your purchase of a new Ford Mustang
• B)your purchase of new tires for your old car
• C)GM's purchase of tires for new cars
• D)a foreign consumer's purchase of a new Ford Mustang

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Definitions:

Highbrow Tastes

Preferences for cultural products, activities, or interests considered intellectual, sophisticated, or of high quality.

Literature

Written works considered to have artistic or intellectual value, including fiction, poetry, drama, and essays.

Comprehensive

Describing something as fully inclusive or encompassing all necessary elements, parts, or aspects.

Childcare

The care and supervision of a child or multiple children, typically from ages six weeks to thirteen years, by a person other than the child's legal guardians.