Author Question: Which of the following is counted as part of GDP? a. a bakery buying 100 pounds of cake flour b. ... (Read 170 times)

TVarnum · **on:** Jun 30, 2018

Which of the following is counted as part of GDP?
a. a bakery buying 100 pounds of cake flour
b. the purchase of a used Ford by a U.S. citizen
c. a social security payment received by a retired teacher
d. none of the above

Question 2

The consumer confidence index can be defined as:
a. an economic index that measures how consumers feel about their government.
b. an economic index that measures how confident companies are about keeping their current consumers.
c. an economic index that measures household expectations about the economy.
d. an economic index that measures how investors feel about their investments in the stock market.
e. an economic index used to measure consumers' confidence on a particular brand.