Which of the Following Is Counted in the GDP in a Given

question 94

Multiple Choice

Which of the following is counted in the GDP in a given year?

• A) the sale of Microsoft stock
• B) the sale of a used Mustang convertible
• C) the dollar value of the housework done by a stay-at-home mom
• D) the sale of a new handmade ukulele

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Definitions:

Demand

The willingness and eagerness of a consumer to purchase a particular product or service at a certain price.

Idle Production Capacity

Refers to the part of a manufacturing plant that is not being used to its full potential to produce goods.

Tax Accountants

Professionals who specialize in preparing tax returns for individuals and businesses, offering advice on tax planning and compliance with tax laws.

Overworked

A condition in which an individual works excessively to the point it negatively affects their health, well-being, and personal relationships.