Which of the Following Transactions Would Be Included in This

question 197

Multiple Choice

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

• A) Deion sends $100 to a hotel in Costa Rica as a deposit for his vacation.
• B) Deion buys a travel guide written by a Costa Rican woman living in the United States.
• C) Deion buys a shirt while on vacation in Costa Rica.
• D) Deion spends money in an American-owned restaurant in Costa Rica.

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Definitions:

Producing

The action of making or manufacturing from components or raw materials.

Producer Surplus

The discrepancy between the price at which producers are ready to offer a good and the actual amount they get for it.

Market Equilibrium

A situation in which market supply equals market demand, leading to stable prices where the quantity supplied is equal to the quantity demanded.

Consumer Surplus

The disparity between what consumers are prepared and capable of spending for a product or service and the actual amount they end up paying.