Which of the Following Would Not Be Counted as a Final

question 11

Multiple Choice

Which of the following would not be counted as a final good for inclusion in GDP?

• A)​a piece of glass bought by a consumer to fix a broken window
• B)​a sheet of glass purchased by General Motors for the side window of a new car
• C)​a sheet of glass produced this year and ending up in the inventory of a retail hardware store
• D)​All of the above are counted.

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Definitions:

Fiscal Policy

Governmental decisions on taxation and spending policies aimed at influencing the national economy's performance.

Deficit Spending

A government's expenditure surpassing its revenue, causing or increasing a deficit.

Department of Agriculture

A government division responsible for developing and executing policies on farming, agriculture, and food, aimed at ensuring food safety and promoting agricultural productivity.

Public Education

An education system that is publicly funded through taxation, meant to provide free educational opportunities to students without discrimination.