Which of the Following Transactions Would Be Included in This

question 185

Multiple Choice

Which of the following transactions would be included in this year's GDP for the United States?

• A)Jennifer buys a rug imported from Mexico.
• B)Melissa buys stock in an American textile company.
• C)Jennifer purchases a table over the Internet from a North Carolina furniture manufacturer.
• D)Melissa purchases a table over the Internet from a Mexican manufacturer.

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Definitions:

Burwell v. Hobby Lobby

A landmark U.S. Supreme Court case that allowed closely held for-profit corporations to be exempt from regulations its owners religiously object to, if there is a less restrictive means of furthering the law's interest.

Supreme Court

The highest federal court in the United States, responsible for interpreting the Constitution and reviewing cases of national significance.

Personal Liability

An individual's legal responsibility for financial or legal obligations, making them personally accountable for the fulfillment of these duties.

Adoption

The legal process of taking another's child into one's family, granting it the same legal rights and status as one's biological child.