Which of the Following Transactions Adds to U

question 156

Multiple Choice

Which of the following transactions adds to U.S. GDP for 2010?

• A)In 2010, Marvin Windows manufactures 20 windows that will eventually be installed in an office building in Minneapolis. The windows remain in Marvin's inventory at the end of 2010.
• B)An Irish marketing consultant works in Boston during the summer of 2010 and earns $50,000 during that time.
• C)When Tim and Tina were both single, they lived in separate apartments and each paid $750 in rent. Tim and Tina got married in 2010 and they bought a previously unoccupied house that, according to reliable estimates, could be rented for $1,550 per month.
• D)All of the above transactions add to U.S. GDP for 2006.

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Definitions:

Discrimination

In psychology, the ability to respond differently to similar but distinct stimuli.

Prejudice

A preconceived opinion or judgment formed without just grounds or before sufficient knowledge, often based on stereotypes.

Instinct Approach

A theory in psychology that suggests innate, biologically driven behaviors are the primary motivators for human actions.

Motivation

A psychological force that compels you to take action toward achieving your goals.