The Value of a Car Produced and Sold in 2005

question 180

Multiple Choice

The value of a car produced and sold in 2005 and sold again in 2011 is included in:

• A) 2005's GDP only.
• B) 2011's GDP only.
• C) both 2005's GDP and 2011's GDP.
• D) neither 2005's nor 2011's GDP.

---

Definitions:

Liquid Laundry Detergent

A water-based cleaning agent used for washing clothes, which is specially formulated to dissolve, suspend dirt and soils, and rinse them away, leaving the fabric clean.

Powdered

Reduced to a fine or dust-like particle size through grinding or pulverization.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at each price.

Normal Good

A type of good whose demand increases as the income of consumers increase, showing a positive relationship between income and demand.