Question
For each of the following, say whether they are normally included in the measure of Gross domestic product and explain why. a) The sale of
For each of the following, say whether they are normally included in the measure of Gross domestic product and explain why.
a) The sale of a current year model used car. [2 points]
Housing (monthly rent) Transportation (per ride) Meals
2018 2019
$3,000 $2,100 $300 $350 $500 $600
b) The services of manicurists given in the current year.
c) The profits of a foreign owned corporation operating in the domestic economy.
d) The work done in other countries by the normal residents of a country.
e) The cooking of meals for home consumption.
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0123852080, 978-0123852083
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