3-1c Does It Count QUIZ
Determine whether each of the following transactions are counted in the calculation of gross domestic product. Remember than GDP can be calculated by adding up what is purchased (C+Ig+G+Xn) or it can be calculated by adding up the income derived from that production (rent, wages, interest and profits) For the purpose of this quiz, use only the expenditure calculation for GDP.
This is a timed quiz (5 minutes) based upon the homework that you already did over this subject matter. You may not use notes, only your brain.
Note: Padre Island is part of Texas
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