Joe and Jim Purchase Vegetables at a Grocery Store,but Jim

question 105

Multiple Choice

Joe and Jim purchase vegetables at a grocery store,but Jim also grows vegetables in his back yard.Regarding these two practices,which of the following statements is correct?

• A)Only Joe's grocery store purchases are included in GDP.
• B)Only Joe's and Jim's grocery store purchases are included in GDP.
• C)Joe's and Jim's grocery store purchases are included in GDP.The vegetables from Jim's backyard garden are included at their market value.
• D)Joe's and Jim's grocery store purchases are included in GDP.The vegetables from Jim's backyard garden are included at their market value,if Jim provides this information.