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Subject - Economics:

Macroeconomics

MCQ - 182-4192

Question:

Which of the following transactions would be included in the official computation of gross domestic product?

  1. Josh buys a new pair of running shoes.
  2. Nancy offers to babysit her granddaughter.
  3. Max buys his dad’s used car.
  4. Nancy offers to babysit her granddaughter.
  5. Melanie rakes the leaves in her own yard.

Correct Answer: A

Explanation:

Household production is not included in GDP calculations. Second-hand sales are counted the first time the good was produced.

Record Performance

269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Which of the following transactions would be included in the official computation of gross domestic product? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 182-4192.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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