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:

Mohs Hardness Scale

Consists of ten common minerals ranked in order of increasing relative hardness, from 1 to 10.

Bowen's Reaction Series

A sequence that describes the order of mineral crystallization from cooling magma according to their chemical composition and temperature.

Ordered Atomic Arrangement

A structured and systematic organization of atoms within a material, typically observed in crystals and certain solid substances.

Solid State Crystallization

The process through which a solid forms where the atoms or molecules are highly organized into a structure known as a crystal.