Which Item Would NOT Be a Part of GDP

question 193

Multiple Choice

Which item would NOT be a part of GDP?

• A) used car sales
• B) new residential construction
• C) a new truck purchased by a building contractor
• D) cable TV service purchased for a home

---

Definitions:

Command-and-control Regulation

Regulatory approach where the government sets specific standards or limitations on the activities of businesses, often related to environmental or safety measures.

Pollution Permits

Allowances provided by government regulations that permit companies to emit a certain level of pollutants.

Global Warming

The long-term increase in Earth's average surface temperature, primarily due to human activities such as fossil fuel burning.

Invisible Hand

A term coined by economist Adam Smith to describe the self-regulating nature of the marketplace where individuals' pursuit of self-interest leads to societal benefits.