Which one of the following transactions would be included in GDP?

a. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale.
b. Mr. Doe donates $500 to his town's junior college scholarship fund.
c. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
d. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock (assume no sales commission is made on the exchange).


c. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident.

Economics

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Under a marketable pollution permit system, property rights to an externality are created so that a more efficient allocation of resources will result

a. True b. False Indicate whether the statement is true or false

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Most foreign direct investment is in

A. the mining and extraction sector. B. the manufacturing sector. C. the agricultural sector. D. the service sector.

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Typically a firm's "economic profit" will be

What will be an ideal response?

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