Which Item Would NOT Be Included in This Year's GDP

question 58

Multiple Choice

Which item would NOT be included in this year's GDP?

• A) the production of a television show
• B) the purchase of a new work truck
• C) the hiring of a new police officer
• D) your purchase of your neighbour's 2001 Toyota

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Definitions:

Optimum

The most favorable condition or level for growth, reproduction, or success.

Substitutes

Two goods for which an increase in the price of one leads to an increase in the demand for the other.

Complements

Two goods for which an increase in the price of one leads to a decrease in the demand for the other.

Budget Constraints

A representation of the trade-offs between different goods and services that a consumer can afford with their limited income.