The purchase and sale of three types of legal items are not included in this year's GDP. What are these three items?
What will be an ideal response?
The three items are: used goods; financial assets; and, intermediate goods.
You might also like to view...
Why was a fixed price of $50 not the best way of allocating used laptops? Suggest other possible ways of distributing the laptops that would be efficient
What will be an ideal response?
Shares of stock and long-term debt, including corporate and government bonds and bank loans, are bought and sold on
A) the stock market. B) foreign exchange markets. C) capital markets. D) commodity markets.
Publishers practice price discrimination when they sell books at high prices to
A) early adopters. B) online book sellers. C) large chain bookstores. D) local bookstores.
John Maynard Keynes said that people have three motives for holding money. Each of the following is a Keynesian motive except
A. inflation. B. transactions. C. speculative. D. precautionary.