In Measuring GDP,which of the Following Is Included

question 74

Multiple Choice

In measuring GDP,which of the following is included?

• A)the value of preparing meals at home
• B)the value of stocks and bonds bought and sold
• C)the value of used goods when they are sold
• D)the value of increases in business inventories
• E)the value of durable consumption goods but not the value of nondurable consumption goods.

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Definitions:

Mailbox Rule

is a legal principle stating that an offer is considered accepted at the time the acceptance is mailed by the offeree, not when the acceptance is received by the offeror.

Offeror

The individual or entity that proposes the terms of a contract to another party, initiating the offer in a contractual agreement.

Conventional Values

Conventional values are traditional norms and moral standards that are widely accepted and practiced within a culture or society.

Recognized Authority

An individual or entity acknowledged and respected for their expertise or power within a specific realm or society.