ECONOMICS
BUSINESS CYCLES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a previously owned car
|
|
|
stocks and bonds
|
|
|
items produced by a US company in another country
|
|
|
a newly built home
|
Detailed explanation-1: -The four components of gross domestic product are personal consumption, business investment, government spending, and net exports.
Detailed explanation-2: -GDP measures the market value of the goods and services a nation produces. Unpaid work that people do for themselves and their families isn’t traded in the marketplace, so there are no transactions to track.
Detailed explanation-3: -Detailed Solution. The correct answer is Sales of final goods. Sales of final goods are included in the gross domestic product. GDP or Gross Domestic Product is the total value or market value of all the goods and services in a year in a country’s economy.
Detailed explanation-4: -GNP is calculated by adding personal consumption expenditures, government expenditures, private domestic investments, net exports, and all income earned by residents in foreign countries, minus the income earned by foreign residents within the domestic economy.