Examlex
Which of the following activities is NOT considered an investment for calculating GDP?
Popular Sovereignty
The principle that the authority of a state and its government is created and sustained by the consent of its people, through their elected representatives, who are the source of all political power.
Adam Smith
A Scottish economist and philosopher, best known for his works "The Wealth of Nations," which laid the foundations for classical economics.
The Wealth of Nations
A seminal book by Adam Smith that laid the foundations of classical economics, emphasizing free markets, the division of labor, and the function of self-interest in commerce.
Free Economy
An economic system where transactions are under the control of private owners for profit rather than by the state.
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