Which of the Following Transactions Would Be Included in Gross

question 178

Multiple Choice

Which of the following transactions would be included in Gross Domestic Product (GDP) ?

• A) The purchase of new tires by a family to replace worn out tires on the family car
• B) The purchase of a used car
• C) The purchase of 100 shares of General Motors stock
• D) The purchase of 2 grams of cocaine

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Definitions:

Nonunion Representation

Representation of workers' interests in the workplace without the formal structure or support of a labor union.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Productivity

Refers to the efficiency of production in terms of the amount of goods or services produced relative to the inputs used, such as labor and capital.

NLRA

The National Labor Relations Act, US legislation that protects the rights of employees to organize and to bargain collectively with their employers.