|Ted moves into his first apartment. He buys a barely used
washer/dryer set from Craigslist and hires a company to pick it up
and deliver it to his apartment. What about this transaction will
be counted in GDP?
A. The value of the washer/dryer set
B. The value of the delivery service
C. The value of the washer/dryer set and the delivery
D. Since Craigslist listings are free, nothing about this
Question 5 of 20
In a simple closed economy, the income approach to calculating GDP
A. wages + government – earned interest + rental income +
B. wages + interest + government income + profits
C. wages + interest + rental income + profits.
D. None of these is correct.
Question 6 of 20
In 1976, the cost of a movie was $4. In 2012, it’s $9. If the CPI