Which of the following transactions would be included in the ...

[mynx]

Which of the following transactions would be included in the official calculation of GDP?
 
  A) You wash and wax your father's car as a favor to him.
  B) You illegally download music off the Internet to put on your new iPod.
  C) You buy a new iPod.
  D) A student buys a used textbook at the bookstore.
  E) Firestone sells 2 million worth of tires to General Motors.

Question 2

If total costs are 18,000 for the year, and the firm has fixed costs of 12,000, what is the level of the firm's variable costs?
 
  What will be an ideal response?

[Yixagurpuldink]

Answer to Question 1

C

Answer to Question 2

Since total cost is equal to fixed cost plus variable cost, variable cost must be equal to 6,000.

[mynx]

Thank you

[Yixagurpuldink]

No problemo