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How would each of these be considered in terms of their impact of GDP? a) Buying a new car. b) Buying an architect designed house
How would each of these be considered in terms of their impact of GDP?
a) Buying a new car.
b) Buying an architect designed house built in 1980.
c) Fitting triple glazed windows to five new homes being built by a developer. d) The government building the new bridge across the Derwent at Bridgewater. e) The government increasing the aged pension.
(Try to go beyond a yes or no answer and consider both direct and indirect impacts and why or why not each is included in GDP).
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