Which of the following would not be in this quarter's real GDP?
A. a new house that sold today
B. a used truck that was sold to a business
C. a bookstore adding to books in its warehouse
D. a book manufactured in the U.S. and then sold in Mexico
Ans: B. a used truck that was sold to a business
You might also like to view...
Pointy Stone State Park is the sole employer of naturalists in the area. The table above provides information about the supply of naturalists and the value of marginal product of labor for naturalists
On the last naturalist hired, Pointy Stone State Park will earn a profit of A) zero. B) $100 per week. C) $150 per week. D) $200 per week.
How do taxes, pollution charges, and cap-and-trade work to reduce emissions?
What will be an ideal response?
In the oligopoly market structure, the behavior of any given firm ________ the behavior of the other firms in the industry.
A. is independent of B. must be different from C. depends on D. must be the same as
The level of output at which the short-run aggregate supply curve and the aggregate demand curve intersect is the full-employment level of GDP
Indicate whether the statement is true or false