A Car That Is Produced in 2018 Is Not Sold

question 254

Multiple Choice

A car that is produced in 2018 is not sold until 2019.According to the definition of GDP,in which year's GDP should it be counted?

• A)2018
• B)2019
• C)Half of the sales price will count as part of 2018 GDP and half will count as part of 2019 GDP.
• D)The production cost will count as part of 2018 GDP while the sales price will count as part of 2019 GDP.

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Definitions:

Constructive Fraud

A type of fraud established by an abuse of a trust relationship where there was no intent to deceive, but the actions or negligence led to a breach of duty which resulted in harm.

Material Fact

A material fact is a fact that, if known, would influence an individual's decision in a transaction or in a legal case, thereby having a significant impact on the outcome.

Recklessly

Acting with disregard for the safety or consequences of one's actions, often leading to potential harm or risk.

Section 12(a)(2)

A provision under the Securities Act of 1933 that provides a remedy for investors who have been sold securities by means of a prospectus or oral communication containing a material misstatement or omission.