Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 15. An example of a transfer payment is profit b. unemployment benefits. government purchases. wages a rent. d. e . 16. The value of plant and equipment worn out in the process of manufacturing goods and services is measured by a. intermediate production. b. Net National Product investment. d depreciation e. consumption C. 17. Which of the following would be excluded from UK GDP for 2005? The sale of a b. PAPP C d. e a haircut the value of a lawyer's services. a 2005 Honda made in Swindon. All of things mentioned in these answers should be counted in 2005 GDP. a home built in 2004 and first sold in 2005. 18. 9 Gross Domestic Product can be measured as the sum of final goods and services, intermediate goods, transfer payments, and rent. consumption, investment, government purchases, and net exports. consumption, transfer payments, wages, and profits. Net National Product, Gross National Product, and Disposable personal income. investment, wages, profits, and intermediate production