Which of the Following Is Usually Included in Either Gross

question 185

Multiple Choice

Which of the following is usually included in either gross domestic product or gross national product?

• A) Unpaid household work
• B) Volunteer work
• C) Unreported transactions conducted in cash
• D) Black market transactions
• E) None of the above

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Definitions:

Capital Accounts

Part of a nation's balance of payments that records all transactions involving the purchase and sale of assets.

Current Accounts

A component of a country’s balance of payments that includes the balance of trade, net primary income, and net earnings on foreign investments.

Balance Of Trade

The difference between the value of a country's exports and imports over a certain period, indicating a trade surplus or deficit.

Capital Expansion

refers to the growth of a company's capital assets through investments in new facilities, equipment, or the acquisition of other firms.