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:

Loggerhead Turtles

A species of marine turtle known for its large head, named Caretta caretta, facing threats from habitat loss, bycatch, and climate change.

U.S. Shrimp Trawling

U.S. shrimp trawling refers to the fishing method in the United States that involves dragging a trawl net through the water, primarily on the ocean floor, to catch shrimp, often criticized for its environmental impact.

Turtle Exclusion Devices

Devices used in fishing equipment to prevent sea turtles from getting caught in nets, thereby reducing turtle mortality in fisheries.

Long Lining

A commercial fishing technique that uses a long line, often kilometers in length, with baited hooks spaced at intervals to catch fish or other marine animals.