Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine whether or not the following items are included in the GDP calculations. Place a check mark (X) in the appropriate column. If the item

image text in transcribedimage text in transcribed
Determine whether or not the following items are included in the GDP calculations. Place a check mark (X) in the appropriate column. If the item is not included in GDP, explain/ give reason, why? ( 5Marks)Items Included in GDP Not Included in GDP . Give reasons, Why? You receive interest on a Government of Canada bond You buy a used Honda Civic for $3,000 You buy a corporate bond from Telus A commercial hog farmer buys grain to feed his hogs A teacher at Humber gets paid $300 for teaching. You baby sit your neighbours' children and they give you $30 cash You pay a company called Tek Savvy for internet service The labour you used to build your own fence in your backyard A businesses inventory is increased by $5,000,000 in the second quarter You buy shares in Blackberry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Economics And Policy

Authors: Thomas H Tietenberg

5th Edition

0321348907, 9780321348906

More Books

Students also viewed these Economics questions

Question

1. What does this mean for me?

Answered: 1 week ago