Which One of the Following Transactions Would Be Included in GDP

question 190

Multiple Choice

Which one of the following transactions would be included in GDP?

• A)Ms.Kim pays $50 for a used picture frame at a neighborhood garage sale.
• B)Mr.Doe donates $500 to his town's junior college scholarship fund.
• C)Ms.Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
• D)Ms.Smith pays $5,000 to purchase 100 shares of Microsoft stock.

Identify autonomous and induced consumption and their roles in the economy.

Evaluate the impact of changes in disposable income on consumption and saving behaviors.

Analyze the significance of dissaving and its implications.

Understand the importance of saving rates in the economy and factors affecting them.

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Definitions:

Company's Culture

The shared values, norms, practices, and beliefs that characterize an organization and influence how employees behave and interact with each other.

Founder

An individual who establishes an organization, company, or initiative.

Socialization Process

refers to the procedure by which an individual learns and acquires the norms, values, behavior, and social skills appropriate to their social position.

Financial Success

The achievement of financial goals and the accumulation of wealth or resources to a level deemed successful by individual or societal standards.