Ted Moves into His First Apartment

question 126

Multiple Choice

Ted moves into his first apartment.He buys a barely used washer/dryer set from Craigslist and hires a company to pick it up and deliver it to his apartment.What about this transaction will be counted in GDP?

• A)The value of the washer/dryer set
• B)The value of the delivery service
• C)The value of the washer/dryer set and the delivery service
• D)Since Craigslist listings are free,nothing about this transaction will count toward GDP.

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Definitions:

Financial Situation

The current state of an individual's or organization's money management, including assets, liabilities, income, and expenses.

Instrumental Support

Assistance provided to someone in the form of tangible help or services, such as financial aid or providing resources.

Fund Raisers

Fundraisers are events or campaigns organized to collect money for a particular cause, project, or organization, leveraging various strategies to encourage donations from individuals or groups.

Emotional

Pertaining to feelings or expressions of emotion, which involve complex psychological states and physiological responses.