1.2 Which of the following are included in the calculation of this years GDP? (a) Twelve-year-old Johnny...

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1.2 Which of the following are included in the calculation of this year’s GDP?

(a) Twelve-year-old Johnny mowing his family’s lawn;

(b) Dave Malone buying a used car;

(c) Barbara Wilson buying a bond issued by General Motors;

(d) Ed Ferguson’s receipt of a Social Security payment;

(e) the illegal drug transaction at the corner of Elm and Fifth.

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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