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AP® Macroeconomics

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Moderate

GDP and Double-Counting

APMACR-GJKYML

When calculating 2013 GDP, an economist would NOT count

A

the sale of a desk made on January 1, 2013.

B

purchase of stock in a corporation.

C

Grandma's purchase of a 2013 car when purchased with Social Security Income.

D

pay earned as a cashier at a restaurant by a college student in June of 2013 while not in school.

E

income a doctor earned for seeing two patients at once and being paid by each patient for services rendered.