Which of the Following Would Not Be Counted in 2016's

question 132

Multiple Choice

Which of the following would not be counted in 2016's GDP?

• A) the value of a laser printer manufactured in 2016 but not sold in 2016
• B) the commissions earned by a sales associate in selling home theater systems built prior to 2016
• C) the value of a 1976 convertible you purchase from a dealer in 2016
• D) the 2016 salary of a used furniture salesperson

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Definitions:

Fixed Expenses

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and coverage costs.

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenues.

Selling Price

The selling price is the amount a buyer pays to purchase a product or service from a seller.

Contribution Margin Ratio

The percentage of sales revenue remaining after variable costs are subtracted, indicating the portion contributing to covering fixed costs and generating profit.