An Example of a Good That Is Not Excludable Is

question 22

Multiple Choice

An example of a good that is not excludable is:

• A) fish in the ocean.
• B) wireless connection to the Internet.
• C) a movie in a theater.
• D) a candy bar.

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Definitions:

GDP Deflator

An economic metric that converts the nominal GDP to real GDP by adjusting for changes in price levels, allowing comparison across years.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a given year at constant prices.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy relative to the prices in a base year.

Real GDP

Adjusted Gross Domestic Product for inflation to reflect the actual value of goods and services produced in a country.