Which of the Following Transactions Would Be Included in GDP

question 23

Multiple Choice

Which of the following transactions would be included in GDP for 2015?

• A)In February 2015,Amanda sells a 2009 Hyundai to Isabella.
• B)In March 2015,Amanda buys a ticket to visit a zoo in Florida.She visits the zoo in February 2016.
• C)In November 2015,Isabella eats onions that she harvested from her backyard garden in October 2015.
• D)All of the above are correct.

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Definitions:

Additional Paid-In Capital

The amount of money investors have paid for shares above the nominal value, reflecting the excess paid over the stated par value of the shares.

Retained Earnings

The portion of net income that is retained by a company rather than distributed to its shareholders as dividends, often used for reinvestment.

Market-to-Book Value

A ratio used to compare a company's current market price to its book value, indicating how highly the market values the company relative to its actual assets.

Financial Statements

A set of formal records that outline an entity's financial activities and condition, including the balance sheet, income statement, and cash flow statement.