Which of the Following Would Be Included in GDP as a Form

question 140

Multiple Choice

Which of the following would be included in GDP as a form of consumption spending?  

• A) Ann takes Tim out to a restaurant for dinner. 
• B) Ann does gardening at home. 
• C) Ann pays a $200 repair bill in cash, in order to avoid paying HST. 
• D) Ann prepares Tim's income tax return and in return Tim mows her lawn.

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Definitions:

Cumulative Cash Surplus

The total amount of cash that a business has generated over a certain period, after accounting for all cash inflows and outflows.

Financial Foreclosure

The process by which a lender takes possession of a property used as collateral for a loan that is in default.

Net Cash Flow

measures the difference between a company's cash inflows and outflows within a specific period, indicating its overall liquidity position.