If You Buy a Five-Year-Old TV from a Friend,the Amount

question 174

Multiple Choice

If you buy a five-year-old TV from a friend,the amount you paid for the TV is

• A)always added to consumption expenditures but not investment.
• B)always added to investment but not consumption.
• C)not included in this year's GDP.
• D)added to investment if the TV is expected to last more than 5 additional years and added to consumption if the TV is expected to last less than 5 additional years.
• E)included in this year's GDP only if the TV set was manufactured in the United States.

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Definitions:

Acetaldehyde

A volatile, colorless, and flammable liquid organic compound, used as an intermediate in the synthesis of various chemicals.

3-Methylthiopropanal

An organic compound characterized by a three-carbon aldehyde functional group attached to a sulfur atom-containing methyl group.

Methionine

An essential amino acid that plays a role in many cellular processes, such as initiating protein synthesis and being a source of sulfur.

L-Phenylalanine

An essential amino acid with a phenyl group, required for various processes in the body and a precursor to neurotransmitters and proteins.