Which of the Following Items Would Be Included in a Current

question 24

Multiple Choice

Which of the following items would be included in a current measure of GDP?

• A)Your labour in fixing a leaky pipe under your sink.
• B)The value of safety on the streets of your community.
• C)A professional gardener who regularly cuts your lawn.
• D)The illegal sale of a bag of marijuana.
• E)All of the above.

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Definitions:

Garnishment

A legal process by which a creditor can collect what a debtor owes by requiring a third party to turn over the debtor's property or wages.

Creditors

Individuals or entities to which money is owed.

Wages

Payments made to employees by employers in exchange for work performed, typically calculated on an hourly or piecework basis.

Trade Instruments

Financial products and contracts used in international and domestic trade to facilitate commercial transactions and manage risk.