Which of These Transactions Occurring in 2011 Would Contribute to GDP

question 6

Multiple Choice

Which of these transactions occurring in 2011 would contribute to GDP for 2011?

• A) A contractor sells a new house which was built in 2009.
• B) Mario sells his used car for a profit.
• C) Sally buys $10,000 worth of U.S.government bonds as an investment.
• D) Boeing sells a 787 aircraft produced in 2011 to a Korean airline.

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Definitions:

Bailee

An individual or entity who temporarily holds property on behalf of another under a bailment agreement.

Skilled Shopkeeper

An individual who possesses specific expertise and skills in managing and operating a retail store.

Act of God

An Act of God refers to a natural event outside of human control, such as a flood, earthquake, or hurricane, that is unexpected and unavoidable, often used as a legal defense in contracts.

Simple Delivery

The process of transporting goods in a straightforward, uncomplicated manner.