Which of the Following Is Included in GDP

question 371

Multiple Choice

Which of the following is included in GDP?

• A) medical marijuana purchased from a government-run pharmacy by a glaucoma patient
• B) recreational marijuana purchased from a drug dealer by a college student
• C) recreational marijuana produced and consumed by a man in his attic
• D) All of the above are included in GDP.

Recognize the effect of substitutes on market demand.

Interpret shifts and movements along demand and supply curves.

Understand the impact of price changes on the quantity demanded and supplied.

Analyze the effect of external factors such as poor growing seasons on market conditions.

---

Definitions:

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trading possibilities.

India

A country in South Asia, known for its diverse culture, historical heritage, and as the world's largest democracy.

Foreign Licensing

Involves a company granting a foreign entity the rights to produce and market its product or use its technology in a foreign country.

U.S. Clothing Manufacturer

A company based in the United States that produces clothing and apparel items for distribution and sale.