Out of the Following List, Choose the Item That Would

question 28

Multiple Choice

Out of the following list, choose the item that would be included in the expenditure approach to calculating GDP:

• A) An unemployment cheque from the government to R. Smith
• B)
• The cost of the second hand mountain bike you bought from your flatmate
• C)
• A $200 cheque from your Uncle Arthur
• D)
• The purchase of 60 litres of petrol at $142 cents per litre for your car

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Definitions:

Civil Rights Act

Landmark legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Covered Organizations

Entities that fall under the jurisdiction of certain regulations and laws, requiring them to comply with specific standards or protections.

Employment-At-Will

A legal doctrine that means an employer can terminate an employee at any time for any reason, except an illegal one, or no reason without incurring legal liability.

Doctrine

A belief, principle, or policy held, taught, or advocated in law, such as the "doctrine of precedent" which is foundational to the common law system.