Which of the Following Transactions Is Included in GDP

question 172

Multiple Choice

Which of the following transactions is included in GDP?

• A) funds given to a college student by her parents
• B) funds received by a college student for working in the college dining hall
• C) funds given to a family on welfare
• D) Social Security check received by an elderly couple

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Definitions:

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of reporting periods, or of different companies during the same period.

Certain Date

A specific, determined point in time, often mentioned in contracts and agreements.

Percentage Increase

A measure expressed as a percentage that represents the magnitude of an increase in a value or quantity compared to its original value.