Which of the following transactions is included in GDP?
A. buying and selling of stocks and bonds
B. government transfer payments
C. the sales of houses produced in that given year
D. sales of used goods
Answer: C
You might also like to view...
Which of the following best describes comparative advantage?
A) using the fewest number of resources to produce a given amount of output B) being able to produce more output than any other country C) having the largest number of resources compared to other countries D) forgoing the fewest units of one product to produce a unit of another product E) It is the same as absolute advantage.
The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. What is the area of deadweight loss when Light-U-Up is regulated and follows a marginal cost pricing rule?
A) abd B) acg C) deg D) There is no deadweight loss.
In 1910, the largest U.S. industry as ranked by value added was
a. machinery. b. cotton goods. c. tobacco manufactures. d. railroad cars.
Economists at which administrative department help enforce the nation's antitrust laws?