Which of the Following Would Not Be Included in the Calculation

question 32

Multiple Choice

Which of the following would not be included in the calculation of GDP?

• A)Jim purchases a new automobile.
• B)Joe pays a plumber $100 to fix a broken pipe.
• C)Sandy,who is on welfare,receives $100 in food stamps.
• D)Kurt purchases an airline ticket for $500 just before a big reduction in fares.
• E)Laurie pays $15 for a haircut.

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Definitions:

Development

The process of economic, social, and urban growth and improvement.

Adjuster

A professional who assesses the damage or loss for an insurance claim to determine the insurer's liability.

Role

The function or position that an individual has in a specific context or system.

Insurable Interest

The requirement in insurance policies that the holder must have a stake in the insured item or person that would result in financial loss if harmed.