Question
Identify whether or not each of the following transactions would be included in GDP, and if so, which method of calculating (income or expenditures), and
Identify whether or not each of the following transactions would be included in GDP, and if so, which method of calculating (income or expenditures), and further, which category?
a. Accountant receives payment for preparing a client's personal income tax return.
b. Construction company buys a new crane.
c. A student is paid by a neighbour to cut their lawn for a summer.
d. A town council hires a landscaping company to maintain local parks.
e. A homeowner buys shingles to re-do her roof.
f. A shareholder sells $5000 of their stock to another buyer.
g. A Canadian marketing agency is hired by a European company to design a marketing campaign.
h. A shareholder is paid dividends
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