Question

Which of the following is included in GDP calculations? The milk that is purchased by Ben & Jerrys and used in the ice cream
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The university tuition paid to enroll in a course - is correct

Used goods and intermediate goods are not included in GDP

Add a comment
Know the answer?
Add Answer to:
Which of the following is included in GDP calculations? The milk that is purchased by Ben...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. which of the following would be included in the GDP? a. entire value of a...

    1. which of the following would be included in the GDP? a. entire value of a used car your family purchased b. the amount you received in your paycheck c. weekly allowance your parents give you d. the $50 you received for your birthday

  • Which of the following are included in Canadian GDP calculations? (a) cleaning services performed by a...

    Which of the following are included in Canadian GDP calculations? (a) cleaning services performed by a cleaning company (b) washing your own car (c) drugs sold illegally on a local street corner (d) prescription drugs manufactured in Canada and sold at a local pharmacy (e) a rug woven by hand in Turkey (f) air pollution that diminishes the quality of the air you breathe (g) toxic waste cleanup performed by a local company (h) car parts manufactured in Canada for...

  • Which of the following would not be included in the calculation of this year's GDP? a...

    Which of the following would not be included in the calculation of this year's GDP? a tire purchased by Chevrolet. from a supplier all would be included a tire produced but not sold this year a tire purchased at CostCo by Michonne to replace a flat tire

  • Which of the following is included in GDP? "bads" such as pollution, congestion, and crime automobile...

    Which of the following is included in GDP? "bads" such as pollution, congestion, and crime automobile manufacture production in the home the measurable effects of income distribution none of the above are included in real GDP calculations The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the ________. international capital account current account official settlements...

  • Which of the following are included in Canadian GDP calculations? (a) cleaning services performed by a...

    Which of the following are included in Canadian GDP calculations? (a) cleaning services performed by a cleaning company (b) washing your own car (c) drugs sold illegally on a local street corner (d) prescription drugs manufactured in Canada and sold at a local pharmacy (e) a rug woven by hand in Turkey (f) air pollution that diminishes the quality of the air you breathe (g) toxic waste cleanup performed by a local company (h) car parts manufactured in Canada for...

  • 1. 2. 3. 4. a. When referring to GDP, which of the following is included in...

    1. 2. 3. 4. a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...

  • ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental...

    ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...

  • 3. Which of the following are included and which are excluded in calculating this year's GDP?...

    3. Which of the following are included and which are excluded in calculating this year's GDP? Explain in each instance (a) Social Security checks received by a retired person (b) An increase in business inventories (c) The income of a tax accountant working for a business (d) Income received from interest on a corporate bond (e) The cashing in of a U.S. savings bond 4. Which of the following are included and which are excluded in calculating this year's GDP?...

  • Which of the following is excluded from calculations of GDP? . Select one: O a. Goods...

    Which of the following is excluded from calculations of GDP? . Select one: O a. Goods that bring little value to society. O b. Income received by managers of corporations. O c. Used items such as cars, and purchases on E-Bay. O d. Items that are exported for sale overseas. Question 29 Not yet answered Points out of 1.00 P Flag question Which of the following is government spending on goods and services? Select one: O a. Medicare benefits. O...

  • 19. Which of the following values would be included in U.S. GDP for 2006? a. the...

    19. Which of the following values would be included in U.S. GDP for 2006? a. the rent that John, an American citizen, would have paid on his home in New York in 2006 had he not owned that home b. the rent that Sarah, an American citizen, paid on her apartment in San Francisco in 2006 c. the value of the legal services provided by Carlos, an attorney and a Mexican citizen, who lived in Houston and practiced law there...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT