Which of the Following Will Be Counted as an Expenditure

question 81

Multiple Choice

Which of the following will be counted as an expenditure in the measurement of GDP? (Assume that none of the transactions is concealed from the relevant authorities. )

• A)the value of a used automobile that remains unsold on the dealer's lot
• B)purchase of a lamp at a neighborhood garage sale
• C)purchase,using foodstamps,of a loaf of bread
• D)payment by a parent to her child for doing household laundry
• E)purchase of flour by a bakery

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Definitions:

Product-Focused Process

A method of production that centers around creating a single product or a small range of products, allowing for efficiencies in specialization and equipment use.

High-Volume

Refers to operations or production processes that generate a large quantity of output within a given time frame.

High-Variety

Refers to the broad range of product types and options available to consumers, typically seen in manufacturing and service industries.

Job Shop Environment

A manufacturing system in which small batches of a variety of custom products are made or services are provided.