Question

question 5
1 pts
which of the following is included in the calculated gross domestic product?
farmer freddie sells his second tractor to his son.
farmer freddie sells his second tractor to his son.
a local ice cream store sells $17,000 worth of cones and sundaes on july 1
mr. farkle buys a used lawn mower from his neighbor, mr. sparkle
question 6
1 pts
to compare the gdp of two different countries with different currencies, it is necessary to use
.
an exchange rate
foreign currency
currency rates
per capita gdp

Explanation:

Question 5

GDP includes final goods and services produced within a country's borders in a given period. Selling a used tractor (or used lawn mower) is a transfer of an existing asset, not new production. The ice cream store selling $17,000 worth of cones/sundaes is new production of final goods in a specific period, so it's included.

To compare GDP of countries with different currencies, we need to convert them to a common currency using an exchange rate. Foreign currency is just the currency, currency rates is vague, and per capita GDP is for comparing average output per person, not currency conversion for GDP comparison.

Answer:

A local ice cream store sells $17,000 worth of cones and sundaes on July 1

Question 6