In Calculating GDP, All of the Following Are Excluded Except

question 83

Multiple Choice

In calculating GDP, all of the following are excluded except

• A)the value of intermediate goods.
• B)the value of all homes built in the year in question.
• C)the value of used goods.
• D)purchases of stocks and bonds.
• E)subsidies from the government.

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Definitions:

Great Awakening

A series of religious revivals in the American colonies during the 18th century, marked by a resurgence of evangelical fervor and the spread of new religious movements.

Georgia Colony

A British colony established in 1732, the last of the original Thirteen Colonies, named after King George II of Great Britain.

Salutary Neglect

A British policy of avoiding strict enforcement of parliamentary laws, meant to keep the American colonies obedient to England.