Which of the following transactions is not included in GDP?
a. oranges sold to households by a grocer.
b. orange juice sold by a restaurant to its diners.
c. oranges sold by a farmer to a grocery store.
d. All of the above are included in GDP.
c
You might also like to view...
The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A) firm's demand curve for labor. B) firm's supply curve for labor. C) labor's supply curve of labor. D) labor's demand curve for jobs.
According to the theory of liquidity preference, holding the supply of real money balances constant, an increase in income will ______ the demand for real money balances and will ______ the interest rate.
Fill in the blank(s) with the appropriate word(s).
Use the following balance sheet for the ABC National Bank in answering the next question. Assume the required reserve ratio is 20 percent.AssetsLiabilities & Net WorthReserves$27,000 Checkable Deposits$110,000Loans50,000 Stock Shares200,000Securities33,000 Property200,000?Refer to the above data. Assuming the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check cleared against it for that amount, its reserves and checkable deposits will now be:
A. $32,000 and $115,000 respectively. B. $22,000 and $110,000 respectively. C. $25,000 and $122,000 respectively. D. $22,000 and $105,000 respectively.
Risk in finance means that an asset
A. Does not pay dividends B. Does not pay capital gains C. Has a present value that is negative D. Has future payments that are uncertain