Which of the Following Is NOT Considered Part of the Services

question 58

Multiple Choice

Which of the following is NOT considered part of the services category under the expenditure approach to GDP accounting?

• A)commercial airline transportation
• B)sporting events
• C)haircuts
• D)privately owned jets

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Definitions:

Equally Likely

A situation in probability theory where all outcomes are considered to have the same chance of occurring.

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An individual employed in a store to assist with sales and customer service, often responsible for the checkout process, stocking, and other day-to-day tasks.

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The age at which an individual chooses to leave their long-term employment, transitioning from full-time work to retirement.

Joint Frequency Distribution

A statistical measure showing the frequency of two variables occurring simultaneously.