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

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

a. Twelve-year-old Johnny mows his family’s lawn.

b. Dave Malone buys a used car.

c. Barbara Wilson buys a bond issued by General Motors.

d. Ed Ferguson receives a Social Security payment.

e. An illegal drug transaction takes place at the corner of Elm and Fifth.

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Economics

ISBN: 9780324595420

9th Edition

Authors: Roger A. Arnold

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