Which of the Following Are Included in Gross Domestic Product

question 259

Multiple Choice

Which of the following are included in gross domestic product for an economy in a given year?

• A)the value of intermediate goods produced in that year
• B)the value of used goods sold in that year
• C)the value of final goods produced in that year
• D)the value of stocks and bonds sold to finance the building of new factories
• E)All of the above would be included in gross domestic product for an economy in a given year.

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Definitions:

Pure Play Approach

A business strategy in which a company focuses exclusively on one particular product or service to gain a competitive advantage.

Subjective Risk

The perceived level of risk based on an individual's personal judgment, as opposed to objectively measured risk.

Preferred Stock

A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends.

Market Risk Premium

The additional return an investor expects for holding a risky market portfolio instead of risk-free assets.