When Calculating GDP,purchases of Used Goods Are

question 150

Multiple Choice

When calculating GDP,purchases of used goods are

• A)included at the original price.
• B)included by taking the original price and subtracting the (current)used price.
• C)included at the (current)used price.
• D)not included.
• E)included at the original price minus any depreciation.

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Definitions:

Net Income

The net income a company earns once all expenses and taxes are subtracted from the total revenue.

Project's Fixed Assets

Project's fixed assets refer to the long-term tangible assets that are used in the operation of a project and are not expected to be converted into cash in the short term.

Required Return

The minimum profit or yield that investors expect or require from an investment to make it worthwhile.