12. Which of the following are included or excluded in this years GDP? Explain your answer in...

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12. Which of the following are included or excluded in this year’s GDP? Explain your answer in each case. LO7.6

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 brandnew 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 stock.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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