Which of the Following Counts Toward Changes in the Current

question 82

Multiple Choice

Which of the following counts toward changes in the current GDP?

• A) You find $10 on the sidewalk.
• B) You purchase a used stereo from a friend.
• C) The government builds a new highway.
• D) You fix your own sink.
• E) None of these answers is correct.

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Definitions:

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectively utilizing resources.

Equitable

Fair and impartial treatment or distribution, often in the context of socio-economic policies.

Excess Supply

When the quantity supplied of a good exceeds the quantity demanded.

Excess Demand

When the quantity demanded of a good exceeds the quantity supplied.