Which of the Following Transactions Would NOT Be Counted in GDP

question 14

Multiple Choice

Which of the following transactions would NOT be counted in GDP?

• A)Nike builds a retail store.
• B)Your mother buys a pound of Washington-grown apples.
• C)Your mother buys 100 shares of Nike stock.
• D)The Indiana state government pays for repair of a damaged bridge over the Wabash River.

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Definitions:

Objective Reality

Objective reality refers to the existence of an external and independent reality that remains constant regardless of individual perceptions or beliefs.

Preindustrial Societies

Societies characterized by limited technological advancement and economies based on subsistence farming or hunting and gathering.

Industrial Societies

Societies characterized by a reliance on mechanized labor to create goods, often leading to advanced technology and economic growth.

Economic Organization

The arrangement and coordination of activities and resources within a society or among entities to achieve economic objectives.