An Example of an Item That Would Be Excluded from a Measure

question 62

Multiple Choice

An example of an item that would be excluded from a measure of GDP from the expenditure side is

• A)the purchase of windows by an automobile assembly plant.
• B)fertilizer purchased by Farmer Jones to increase crop yields.
• C)buying tomato plants for your garden.
• D)government pension payments to a retired person.
• E)a new truck purchased by a furniture-delivery company.

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Definitions:

-logy

A suffix used to indicate the study or science of a particular subject.

Milliliter

A metric unit of volume equal to one-thousandth of a liter, commonly used to measure liquids.

Thousandth

A unit or measure representing one part in a thousand of something.

Liter

A metric unit of volume equal to 1000 cubic centimeters or approximately 0.26 U.S. gallons.