Which of the Following Would Not Be Included in the Calculation

question 48

Multiple Choice

Which of the following would not be included in the calculation of this year's GDP?

• A) a headlight bulb purchased at Joe's Auto Supply by Olivia to replace a burnt out bulb in her car
• B) a headlight bulb purchased by Ford Motor Co.from a supplier
• C) a headlight bulb produced but not sold this year and thus ending up as inventory
• D) none of the above,i.e.,all would be included

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Definitions:

Mortgage

A conveyance of property to secure the performance of some obligation, the conveyance to be void on the due performance thereof.

Marriage Consideration

The legal or moral obligations and benefits exchanged between parties upon entering a marriage.

Statute of Frauds

A requirement that certain kinds of contracts be memorialized in writing and signed by the party to be charged, in order to be legally enforceable.

Parol Evidence

Where a written contract exists, evidence about promises or statements made prior to or during the execution of the writing that are not contained in the written contract.