Gross domestic product includes
A. your purchase of 100 shares of Alibaba.
B. your gift of $100 to your brother.
C. your purchase of a gently used 1990 Porsche Carrera.
D. your weekly paycheck as a server at Denny’s.
Answer: D
You might also like to view...
Which of the following goods might, under the right circumstances, be substitutes for love?
A) Power B) Wealth C) Notoriety D) All of the above. E) Trick question: there are no substitutes for love.
If house purchases and renting an apartment are substitutes, then an increase in the price of a new house results in a rise in the rent charged for apartments
Indicate whether the statement is true or false
Which of the following is more likely to be able to command a higher price for its products
a. A specialty frozen yogurt producer, with high quality product b. A mall kiosk selling costume jewelry c. A specialty toy store that allows customers to self-design teddy bears d. Both A&C
Exhibit 3-2 Demand curves
In Exhibit 3-2, the shift in the demand curve from D1 to D2 could have been caused by which of the following?
A. Decrease in price. B. Increase in expected future prices. C. Increase in the price of a complement. D. Decrease in income if it is a normal good.