The value of corporate stocks and bonds traded in a given year is ________.
A. included in the calculation of GDP because it is a component of gross investment
B. included in the calculation of net private domestic investment
C. excluded from the calculation of GDP because it does not represent new production
D. included in the calculation of gross private domestic investment
Answer: C
You might also like to view...
To be as well off as possible, a nation should produce
a. only those goods that its populace desires. b. the good within its productive capabilities that commands the highest price in the world market. c. the good that requires the fewest resources to produce. d. whatever good it can produce at a cost lower than that incurred by other nations.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Dole Co operates in a monopolistically competitive market. Which of the following characterizes Dole Co's market?
A) Dole Co. supplies a small portion of the market's output. B) Dole Co.'s product is slightly different from its competitors. C) Dole Co. faced no barrier to entry when it decided to enter its market. D) All of the above describe Dole Co.'s market.
Each person in the population can be classified as employed, unemployed, or not in the labor force
a. True b. False Indicate whether the statement is true or false