Which of the Following Would Be Included When Calculating Gross

question 183

Multiple Choice

Which of the following would be included when calculating Gross Domestic Product?

• A) The purchase of a previously owned house for $70,000
• B) The purchase of a used $10,000 automobile
• C) A Social Security check for $800
• D) none of the above

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Definitions:

Soviet Expansion

describes the geopolitical strategy pursued by the Soviet Union during the 20th century aimed at spreading its influence and control over Eastern Europe, Asia, and other regions through military, political, and economic means.

Secretary of State Kissinger

Henry Kissinger, who served as the U.S. Secretary of State under Presidents Nixon and Ford, known for his role in shaping foreign policy, including détente with the Soviet Union and opening relations with China.

Israel and Egypt

Israel and Egypt are two countries in the Middle East that signed the Camp David Accords in 1978, leading to the Egypt-Israel Peace Treaty in 1979.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among the world's nations.