Consider Two Items That Might Be Included in GDP: (1)the

question 47

Multiple Choice

Consider two items that might be included in GDP: (1) the estimated rental value of owner-occupied housing and (2) purchases of newly-constructed homes.How are these two items accounted for when GDP is calculated?

• A)Both item (1)and item (2)are included in the consumption component of GDP.
• B)Item (1)is included in the consumption component of GDP,while item (2)is included in the investment component of GDP.
• C)Item (1)is included in the investment component of GDP,while item (2)is included in the consumption component of GDP.
• D)Only item (2)is included in GDP,and it is included in the investment component.

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Definitions:

Shared Threat

A situation in which a group or community faces a common danger or adversary, promoting unity or collaborative action.

Prejudice

A preconceived opinion that is not based on reason or actual experience, often directed toward people or groups based on their membership in a particular category.

Multicultural Ideology

A worldview in which different cultural identities and viewpoints are acknowledged and appreciated.

Celebrate Diversity

The act of recognizing, respecting, and valuing differences among individuals in terms of ethnicity, gender, age, national origin, disability, sexual orientation, education, and religion.