If the Purchase of Used Goods Was to Be Incorporated

question 33

Multiple Choice

If the purchase of used goods was to be incorporated into measuring GDP using the expenditure approach,then

• A)we also will have to account for spending on financial assets.
• B)it will be very difficult to assign a fair market value to a used good.
• C)we will be counting the value of the used goods both at the time of their production and at the time of their re-sale.
• D)we will have to account for the natural depreciation that a used good experiences.
• E)consumption spending would need to be adjusted for depreciation.

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Definitions:

Router

A device used in networking that routes data packets from one computer network to another, managing the flow of internet traffic.

Data Transfer Rate

The speed at which data is transmitted from one device to another, expressed in bits per second (bps) or bytes per second (B/s).

Copper Wire

A type of electrical conductor commonly used in telecommunications and power distribution due to its excellent conductivity.

Data Packets

Small units of data transmitted over a network, encapsulating the data being sent along with control information for routing and delivery.