PLEASE HELP ASAP 2. Which of the following would NOT be counted in computing GDP?
a. building a do-it-yourself picnic table for your own yard
b. hamburgers you flip on your job at a fast-food restaurant
c. a pair of socks you sell on your job at a department store
d. all of the above
3. The year chosen to compare data such as GDP is known as the
a. comparative year.
b. GDP year.
c. base year.
d. calculating year.
4. When the effect of price changes is taken out of GDP, we have
a. inflated GDP.
b. real GDP.
c. undervalued GDP.
d. GDP per capita.
5. Which of the following is true about the business cycle?
a. It has four phases.
b. There are recurring ups and downs.
c. There is a pattern of good times to bad times and back again.
d. All of the above.