The Patersons Bought a Home That Was Newly Constructed in 2007

question 8

Multiple Choice

The Patersons bought a home that was newly constructed in 2007 for $275,000.They sold the home in 2015 for $255,000.Which of the following statements is correct regarding the sale of the house?

• A)The 2015 sale increased 2015 GDP by $255,000 and had no effect on 2007 GDP.
• B)The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
• C)The 2015 sale increased 2015 GDP by $255,000;and caused 2007 GDP to be revised downward by $20,000.
• D)The 2015 sale affected neither 2007 GDP nor 2015 GDP.

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Definitions:

Small Business

A privately owned company with fewer employees and less annual revenue compared to regular-sized businesses, playing a crucial role in the economy.

Quality Employees

Workers who consistently perform at a high level of competency and productivity, contributing positively to the organization’s goals.

Eustress

Positive stress which results from motivating challenges and leads to improved performance.

Distress

The negative consequences and components of stress.