Which of the Following Would Be Directly Counted in GDP

question 276

Multiple Choice

Which of the following would be directly counted in GDP in 2017?

• A)kitchen cabinets purchased from Lowes in 2017 to be installed in a house built in 1997
• B)kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a brand new country-style home
• C)kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a farm house built in 1950
• D)kitchen cabinets purchased from Home Depot installed in a newly constructed house
• E)none of the above

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Definitions:

Baby Toiletries

Products designed specifically for the hygiene and care of infants, such as shampoos, lotions, and diaper creams.

Product Line Extension

A strategy where a company introduces additional items in the same product category under the same brand name to increase variety and reach.

Safety-Coated

refers to items that have been covered with a material to reduce or eliminate the risk of harm or injury.

Extra-Strength

Referring to a product or medication designed with a higher potency or effectiveness compared to the regular strength.