Question

Identify the choice that best completes the statement or answers the question. 1. Which of the following would be counted in this year's GDP? a. your donation today of $100 to the Red Cross b. the rental payment you made today on a house built last year c. your purchase today of a house built last year d. your purchase of 100 shares of Wal-Mart stock 2. Which of the following would not affect this year's GDP? a. the paint you purchased when painting your house b. the new car your parents purchased and gave to you as a birthday present c. a Gateway computer purchased by the U.S. government d. the value of a used car you purchased, at its sale price 3. You buy 100 shares of IBM stock at $100 per share and pay $150 commission. How much will this transaction add to GDP? a. zero b. $150 c. $10,000 d. $10,150 4. Which of the following would contribute to GDP? a. An American company buys stock in another American company. b. An American company produces goods in Canada. c. A Canadian company buys stock in an American company. d. A Canadian company produces goods in the United States. 5. Which of the following transactions would be included in U.S. GDP but not in GNP? a. An American tourist spends money in Mexico City. b. The U.S. government hires an American economist to evaluate United States/Mexico trade policy. c. A car is produced in Detroit and exported to Mexico. d. A salary is paid to a Canadian engineer employed in the California computer industry.

          Identify the choice that best completes the statement or answers the question.

1. Which of the following would be counted in this year's GDP?
a. your donation today of $100 to the Red Cross
b. the rental payment you made today on a house built last year
c. your purchase today of a house built last year
d. your purchase of 100 shares of Wal-Mart stock

2. Which of the following would not affect this year's GDP?
a. the paint you purchased when painting your house
b. the new car your parents purchased and gave to you as a birthday present
c. a Gateway computer purchased by the U.S. government
d. the value of a used car you purchased, at its sale price

3. You buy 100 shares of IBM stock at $100 per share and pay $150 commission. How much will this transaction add to GDP?
a. zero
b. $150
c. $10,000
d. $10,150

4. Which of the following would contribute to GDP?
a. An American company buys stock in another American company.
b. An American company produces goods in Canada.
c. A Canadian company buys stock in an American company.
d. A Canadian company produces goods in the United States.

5. Which of the following transactions would be included in U.S. GDP but not in GNP?
a. An American tourist spends money in Mexico City.
b. The U.S. government hires an American economist to evaluate United States/Mexico trade policy.
c. A car is produced in Detroit and exported to Mexico.
d. A salary is paid to a Canadian engineer employed in the California computer industry.

Identify the choice that best completes the statement or answers the question.

1. Which of the following would be counted in this year's GDP?
a. your donation today of 100 to the Red Cross
b. the rental payment you made today on a house built last year
c. your purchase today of a house built last year
d. your purchase of 100 shares of Wal-Mart stock

2. Which of the following would not affect this year's GDP?
a. the paint you purchased when painting your house
b. the new car your parents purchased and gave to you as a birthday present
c. a Gateway computer purchased by the U.S. government
d. the value of a used car you purchased, at its sale price

3. You buy 100 shares of IBM stock at100 per share and pay 150 commission. How much will this transaction add to GDP?
a. zero
b.150
c. 10,000
d.10,150

4. Which of the following would contribute to GDP?
a. An American company buys stock in another American company.
b. An American company produces goods in Canada.
c. A Canadian company buys stock in an American company.
d. A Canadian company produces goods in the United States.

5. Which of the following transactions would be included in U.S. GDP but not in GNP?
a. An American tourist spends money in Mexico City.
b. The U.S. government hires an American economist to evaluate United States/Mexico trade policy.
c. A car is produced in Detroit and exported to Mexico.
d. A salary is paid to a Canadian engineer employed in the California computer industry.

Added by Jeffrey S.

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