Which of the following are included or excluded in this years GDP? Explain your answer in each
Question:
Which of the following are included or excluded in this year’s GDP? Explain your answer in each case. LO4
a. Interest received on an AT&T corporate bond.
b. Social Security payments received by a retired factory worker.
c. Unpaid services of a family member in painting the family home.
d. Income of a dentist from the dental services provided.
e. A monthly allowance a college student receives from home.
f. Money received by Josh when he resells his nearly brand-new Honda automobile to Kim.
g. The publication and sale of a new college textbook.
h. An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay.
i. A $2 billion increase in business inventories.
j. The purchase of 100 shares of Google common stock.
Step by Step Answer:
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn