The Calculation of the Final Goods and Services Sold in an Economy

question 359

Multiple Choice

The calculation of the final goods and services sold in an economy would NOT include

• A) the purchase of a lawnmower by a household.
• B) General Motors' purchases of tires for new automobiles.
• C) Ford Motor Company's purchase of a new industrial robot to be used to produce cars.
• D) the purchase of a service by a household.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country, often resulting in demographic, economic, and cultural changes within the host society.

Migration

The movement of people from one place to another, which could be within or across national borders, often for reasons such as seeking better economic opportunities or escaping conflict.

Internal Migration

The movement of people within a country from one region or place to another, often for work or living conditions.

Geographic Mobility

The movement of individuals or groups from one location to another, often for reasons related to employment, livelihood, or personal preference.