A Consumption Good That Would NOT Be Counted in GDP

question 133

Multiple Choice

A consumption good that would NOT be counted in GDP would be:

• A) the coffee Cyndi buys on her way to work in the morning.
• B) Cyndi's brand new car.
• C) the sunglasses Cyndi bought on clearance sale yesterday.
• D) Ford company's purchase of steel.

---

Definitions:

Interest Revenue

Income earned by a company from the interest it charges on loans or from interest-bearing investments.

Earned

A term referring to revenues or incomes that have been generated from business activities or services provided.

Bank Charges

Fees assessed by a bank for its services or as penalties for not meeting specific account requirements.

Bank Statement Adjustment

Bank Statement Adjustment involves correcting discrepancies between a company’s accounting records and its bank account statement, to reflect the accurate amount of cash available.