A new 2015 Honda Civic produced in 2015 and purchased in 2016 is
A) part of GDP in 2015.
B) part of GDP in 2016.
C) not part of GDP in either year because it was produced in one year and sold in another year.
D) part of GDP in both 2015 and 2016.
A
You might also like to view...
Refer to Table 18-1. Suppose a series of votes are taken in which each pair of alternatives is considered in turn. The first pair considered is between subsidies for education and research on Alzheimer's
The second pair considered is between Alzheimer's research and increased border security. The third pair considered is between education subsidies and increased border security. In this case, the collective preferences of the voters A) turn out to be transitive and will yield a consistent outcome. B) turn out not to be transitive but will yield a consistent outcome. C) turn out not to be transitive and will not result in a consistent outcome. D) turn out to be transitive but will not result in a consistent outcome.
A firm may choose to raise price when
A. profits would increase at the higher price. B. MR > MC. C. average profit is zero. D. it relies on marginal analysis.
Which of the following is considered to be an entrepreneur?
A. A self-employed person B. An MBA graduate hired by a firm to be its CEO C. A production-line worker D. A customer of a firm
Corporate profits are taxed twice because
A) taxes are collected on profits before profits are distributed to shareholders. B) the government wants to minimize the amount of tax paid on capital gains. C) it is economically efficient to reduce the amount of retained earnings. D) capital gains are not indexed to the rate of inflation.