Which of the Following Would Not Be Included in the Calculation

question 48

Multiple Choice

Which of the following would not be included in the calculation of this year's GDP?

• A) a headlight bulb purchased at Joe's Auto Supply by Olivia to replace a burnt out bulb in her car
• B) a headlight bulb purchased by Ford Motor Co.from a supplier
• C) a headlight bulb produced but not sold this year and thus ending up as inventory
• D) none of the above,i.e.,all would be included

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Definitions:

Pursuit of Happiness

A fundamental right mentioned in the Declaration of Independence, signifying the search for fulfillment and well-being as an inherent aspect of human freedom.

Public Sphere

A social space where people gather to openly talk about and pinpoint issues in society, thereby affecting political actions through their discussions.

Representative Government

A system of government where citizens elect representatives to make decisions on their behalf.

Continental Army

The revolutionary war army authorized by the Continental Congress in 1775 and led by General George Washington to fight against British rule in America.