Which of the Following Would Be Counted in U

question 144

Multiple Choice

Which of the following would be counted in U.S.GDP?

• A) The salary of an American professor teaching in England
• B) The value of a used U.S.-produced car purchased in the U.S.
• C) The value of a new U.S.-produced car purchased by a French citizen
• D) The value of a new French-produced car purchased by a U.S.citizen within in the U.S.
• E) The value of a General Electric corporate bond bought by a Japanese citizen

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Definitions:

Recovery Act

The Recovery Act, formally known as the American Recovery and Reinvestment Act of 2009, is a U.S. federal law aimed at stimulating the economy during the late-2000s recession through spending and tax cuts.

Waste Disposal

refers to the processes and actions required to manage waste from its inception to its final disposal, including collection, transport, treatment, and disposal of waste, along with monitoring and regulation.

Hazardous Sites

Locations that contain dangerous or harmful substances posing potential risk to humans, wildlife, or the environment.

Comprehensive Environmental Response

Part of a federal program designed to manage and remediate hazardous waste sites under laws like the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).