Transactions Involving Items Produced in the Past,such as the Sale

question 76

Multiple Choice

Transactions involving items produced in the past,such as the sale of a 5-year-old automobile by a used car dealership or the purchase of an antique rocking chair by a person at a yard sale,are

• A)included in current GDP because GDP measures the value of all goods and services sold in the current year.
• B)included in current GDP but valued at their original prices.
• C)not included in current GDP because it is difficult to determine their value.
• D)not included in current GDP because GDP only measures the value of goods and services produced in the current year.

---

Definitions:

Dependent Children

Refers to youths under a certain age who require the custody and care of adults, typically because they are not yet legally responsible for themselves.

Normalizing Discourses

The ways in which societies establish norms and standards through language and practices, often used to maintain power structures.

Good Mothering

The practices and behaviors considered desirable or appropriate for mothers in nurturing, raising, and caring for their children, often culturally defined.

Good Fathering

The practice of being an engaged, responsible, and nurturing parent, contributing positively to the developmental needs of one's children.