Which of the Following Is Not Counted as a Part

question 41

Multiple Choice

Which of the following is not counted as a part of GDP?

• A)​the purchase of a loaf of bread by a consumer
• B)​the unsold additions to inventory at a furniture store
• C)​the purchase of a snowplow by the city of Minneapolis
• D)​the purchase of 100 shares of Amazon.com stock by your grandmother

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Definitions:

Scientific Knowledge

Knowledge based on scientific methods and empirical evidence, including theories, laws, and facts about the natural world.

AASB 138

The Australian Accounting Standards Board standard that specifies the accounting for intangible assets that are not dealt with specifically in another AASB standard.

Intangible Asset

Non-physical assets owned by a business, such as patents, trademarks, and copyrights, that have economic value.

Finite Life

A term used to describe assets or investments that have a fixed period of utilization or return, after which they cease to produce value.