Window Help Q Exam 2 Chapter 6 Flashe Cengage Econ Macro × X MZNB8Q76YXVXFX1R373

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Window Help Q Exam 2 Chapter 6 Flashe Cengage Econ Macro × X MZNB8Q76YXVXFX1R373/casQuizzes/429c3b2f-5045-4d68-8832-3aa Econ Macro5 ASSIGNMENTS E STUDYBOARD 23/25 Which of the following would be excluded from the gross domestic product (GDP)? The sale of mobiles decreasing significantly The government reducing welfare benefits A homemaker spending $20 taking the family out to lunch instead of cooking food A consumer having his pickup truck tuned up at the local garage The mayor of a city hiring more workers to improve the sanitation of the city CONTINUE Copyright Notices Terms of UseHep Privacy Statement

Explanation / Answer

a consumer having his pick up truck turned up at the local garage

The monetary value of all the finished goods and services produced within a country's borders is termed as Gross domestic product and calculated in a specific time period. Private and public consumption, government outlays, investments, private inventories, paid-in construction costs and the foreign balance of trade are all included in GDP. But does not include transactions involving goods produced in the past.

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