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:

Entire Economy

The entire economy refers to the sum total of all economic activities and interactions within a country or region.

Scientific Method

The procedure for the systematic pursuit of knowledge involving the observation of facts and the formulation and testing of hypotheses to obtain theories, principles, and laws.

Economists

Professionals who study and analyze economies, including their production, distribution, and consumption of goods and services.

Hypotheses

Proposed explanations made on the basis of limited evidence as a starting point for further investigation.