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31 October, 00:00

Which of the following is likely to increase a country's gross domestic product (GDP) ?

a. An individual buying a two-year-old automobile at a local garage sale

b. An increase in Social Security expenses

c. An increase in retirement and pension benefits to elderly citizens

d. An individual receiving an annual performance bonus of $5,000

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Answers (1)
  1. 31 October, 02:38
    0
    d. An individual receiving an annual performance bonus of $5,000

    Explanation:

    Gross domestic products means value of all the product or services produced and rendered within a country during a specific period of time. The two year old automobile has already been included in prior years GDP, So it will not be included. Social Security and pension plan do not covers the definition of GDP, so these will not be the part of GDP. Annual performance bonus is the earning of an individual which will become the cost for a product in a fixed cost portion.
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Home » Business » Which of the following is likely to increase a country's gross domestic product (GDP) ? a. An individual buying a two-year-old automobile at a local garage sale b. An increase in Social Security expenses c.
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