3 Indicate which of the following activities are counted as part of GNP and why: (a) The...

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3 Indicate which of the following activities are counted as part of GNP and why:

(a) The services of a housewife

(b) Frank Murry's purchase of a 1979 Chevrolet

(c) The purchase of 100 shares of AT&T stock

(d) Family lawn services purchased from the neighbor's 16 year old who has a lawn mowing business

(e) Deterioration of the water quality of Lake Michigan

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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