Which of the Following Would Be Excluded from the Gross

question 72

Multiple Choice

Which of the following would be excluded from the gross domestic product (GDP) ?

• A)The mayor of a city hiring more workers to improve the sanitation of the city
• B)The sale of mobiles decreasing significantly
• C)The government reducing welfare benefits
• D)A homemaker spending $20 taking the family out to lunch instead of cooking food ,
• E)A consumer having his pickup truck tuned up at the local garage

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Definitions:

Currency

A system of money in general use in a particular country for the exchange of goods and services.

Federal Reserve

The Federal Reserve, often referred to as "the Fed," is the central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing banking services to governmental agencies.

Reserve Ratio

The reserve ratio is the fraction of deposits that regulators require a bank to hold in reserve and not lend out. This is a tool used by central banks to control the money supply.

Goldsmith

A craftsman who makes jewelry, utensils, and various art pieces out of gold, and historically also dealt in gold, silver, and banking activities.