A Good That Would Be Counted as Consumption in GDP

question 37

Multiple Choice

A good that would be counted as consumption in GDP would be:

• A)the Subway sandwich Tony ate for lunch.
• B)the $10 Tony received after winning a bet with his friend.
• C)the $50 in wages Tony received that day from working all afternoon.
• D)All of these would be counted as consumption in GDP.

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Definitions:

Defamation

Defamation is a false statement presented as fact that causes injury or damage to the reputation of the person or entity it targets.

False Imprisonment

The unlawful confinement of a person without their consent or legal justification.

Ignorance of the Law

A principle stating that not knowing a law does not exempt individuals from being liable for violating it.

False Imprisonment

is the unlawful restraint of an individual's freedom of movement without legal justification.