Which of the Following Is Included in the Calculated Gross

question 45

Multiple Choice

Which of the following is included in the calculated gross domestic product?

• A)​Mr.Kelly buys a used lawn mower from his neighbor Mr.Templeton.
• B)​A local ice cream store sells $17,000 worth of cones and sundaes on July 4^th.
• C)​Suzanne buys a love seat and chair for $85 at the yard sale on the corner.
• D)​Farmer Fred sells his second tractor to his son.

---

Definitions:

Shareholder Democracy

The concept that a company's direction should be influenced by its shareholders, often through voting on corporate matters based on the number of shares owned.

World Trade Organization

An international organization established to supervise and liberalize international trade, facilitating negotiation and enforcement of trade agreements among member countries.

North American Free Trade Agreement

A treaty among Canada, Mexico, and the United States that eliminated most tariffs and trade barriers between the countries, aiming to increase economic integration.

Corporate Welfare

Government support or subsidies to corporations including tax breaks, grants, and other financial incentives designed to support business interests.