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:

Seller or Lessor

A party that offers goods for sale or leases property to another party in exchange for payment.

Best of the Kind

A term indicating the highest quality or premium status among similar items or entities.

Trademark Rights

Legal rights granted to the owner of a trademark, protecting the distinctive symbols, names, and slogans used to identify their goods or services.

Third Party

An individual or entity that is involved in a transaction but is not one of the principal parties.