In 2008, you buy a 1967 Shelby cobra. This purchase would
A. be included in the GDP for 2008.
B. not be included in the GDP for 2008.
C. be included in both the GDP for 1967 and 2008.
D. be in the GDP for 2008 at a depreciated value.
Answer: B
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An increase in technology will always produce economic growth in society
A. True B. False
In the figure above, international trade ________ total surplus in the United States by ________
A) increases; $1.92 billion B) decreases; $2.56 billion C) increases; $4.8 billion D) decreases; $3.6 billion
The president from which Federal Reserve Bank always has a vote in the Federal Open Market Committee?
A) Philadelphia B) Boston C) San Francisco D) New York
Which of the following is an amendment that strengthened the Sherman Antitrust Act?
a. Celler Kefauver Act. b. Clayton Act. c. Robinson-Patman Act. d. Tyler Act.