Which of the Following Examples of Production of Goods and Services

question 96

Multiple Choice

Which of the following examples of production of goods and services would be included in U.S.GDP?

• A)Sally,a Canadian citizen,works on a drilling crew in North Dakota for Northland Gas Services,and Northland sells the natural gas to a utility company in Canada.
• B)Jim grows pecans for his family in the yard of their San Antonio home.
• C)Joe grows marijuana in his Kansas City home and sells it to his friends and neighbors.
• D)None of the above examples of production would be included in U.S.GDP.

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Definitions:

Section 5

A provision of the Federal Trade Commission Act that prohibits unfair or deceptive acts in commerce.

1933 Act

The Securities Act of 1933, a U.S. federal law regulating the securities industry, focusing on the offer and sale of securities, emphasizing transparency and fairness.

Illegal Offer

A proposal to enter into an agreement that is against the law and therefore unenforceable.

Rescission

The legal act of canceling, revoking, or terminating a contract, returning all parties to their original positions prior to the contract.