If You Buy a Five-Year-Old TV from a Friend,the Amount

question 28

Multiple Choice

If you buy a five-year-old TV from a friend,the amount you paid for the TV is

• A)not included in this year's GDP.
• B)always added to investment but not consumption.
• C)always added to consumption expenditures but not investment.
• D)added to investment if the TV is expected to last more than 5 additional years and added to consumption if the TV is expected to last less than 5 additional years.
• E)included in this year's GDP only if the TV set was manufactured in Australia.

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Definitions:

Organizational Crisis

A significant threat to operations or the reputation of an organization that requires urgent attention and action to protect stakeholders.

Early Warning Signs

Indicators or signals that suggest potential problems or changes in a system or process, allowing for preemptive action to avoid negative outcomes.

Denying Existence

The refusal to acknowledge the reality or presence of something, often as a defense mechanism.

Contingency Plan

A strategy prepared to address unexpected events or emergencies, minimizing negative effects and maintaining operational continuity.