Which of the following is not included in U.S. GDP?
a. The market value of an oil change that Ben performs on his own car.
b. The market value of an oil change at Speedy Lube.
c. The market value of oil purchased by Ben.
d. Production of foreign citizens living in the United States that work in an oil packaging facility.
a
You might also like to view...
During the worst year of the Great Depression, according to the official statistics, about what percentage of the labor force was unemployed?
(a) 10% (b) 15% (c) 25% (d) 35%
A person cutting up her credit cards in an effort to curb her spending is an example of:
A. status quo bias. B. a commitment device. C. the endowment effect. D. loss aversion.
In calculation of squared forecast errors, an error of +3 yields a loss three times greater than an error of ?1.
Answer the following statement true (T) or false (F)
Why might it make sense to avoid paying for extended warranties on televisions and other small home appliances?
What will be an ideal response?