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Below is a list of 3 transactions in the economy. For each transaction, EXPLAIN , if the item is counted in the GDP calculation OR
Below is a list of 3 transactions in the economy. For each transaction, EXPLAIN, if the item is counted in the GDP calculation OR not counted in the GDP calculation.
a) Tom's unemployment benefits from the government.
b) The Saad family bought a foreign-made boat from a second-hand boat dealer.
c) CIC Higher education bought new desktops during the year for its office use.
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