Which of the Following Would Be Included in GDP

question 146

Multiple Choice

Which of the following would be included in GDP?

• A)payment of the monthly telephone bill by Mr.Laconic
• B)the purchase of corporate stock by Steven Jones
• C)the purchase of a used limousine by Harold Abel
• D)the value of a pair of mittens your mother knitted for you
• E)the $300 George saved because he painted his own garage

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Definitions:

Functional Structures

An organizational design that groups employees by their similar skills, resource uses, and expertise to perform work efficiently.

Cost Containment

Strategies or measures implemented to control, reduce, or maintain expenses within a given budget.

Divisional Structures

An organizational structure that groups departments based on common products, services, markets, or geographical locations.

Few Products

A situation where a business offers a limited selection of goods or services.