Which of These Goods Will Not Be Counted in GDP

question 143

Multiple Choice

Which of these goods will not be counted in GDP

• A)the Ford manufactured in the US and sold in Canada.
• B)the Ford manufactured in Mexico and sold in Mexico.
• C)the Ford manufactured in the US in last year and sold in the US this year.
• D)the spark plug sold by an auto parts store to go into a Ford when the original wears out.

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Definitions:

Federally-Run Program

A government program directly overseen and administered by a federal agency or department.

Tax Expenditure

describes government losses in tax revenue due to deductions, exemptions, and credits allowed to taxpayers, which can be seen as a form of government spending through the tax code.

Home Mortgage

A loan given by a bank or lender to help finance the purchase of a home, secured by the property itself.

Periodic Adjustment

The regular alteration or correction of something, such as a financial rate, policy, or procedural framework, to ensure effectiveness or to respond to a changing environment.