When a Refrigerator Worth $1,000 Is Produced and Sold,its Contribution

question 79

Multiple Choice

When a refrigerator worth $1,000 is produced and sold,its contribution to the GDP is measured on the expenditure side by its sale price and on the income side by

• A)the wages earned by the workers in the firm that produced it
• B)the wages earned by the workers and the profits earned by the owners of the firm that produced it
• C)wages,interest,and rent paid by the firm's owners to those who contributed to making the refrigerator
• D)wages,interest,and rent paid by the firm's owners to those who contributed to making the refrigerator,less taxes
• E)wages,interest,and rent paid by the firm's owners,plus the profit they kept for themselves

---

Definitions:

Diminished Judgement

A state or condition where a person's ability to make considered decisions or evaluations is impaired or reduced.

Sorting

The process of arranging items in a systematic order or classifying them into categories.

Characteristics

Traits or features that distinguish someone or something from others.

Hostile Competition

A form of rivalry where the parties involved engage in aggressive and antagonistic interactions beyond healthy competition.