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In each of the following cases, determine what component of GDP is affected (if it all). 1. Social security payments received by a retired factory
In each of the following cases, determine what component of GDP is affected (if it all).
1. Social security payments received by a retired factory worker.
2. Unpaid services of a family member in painting the family home.
3. Income of a dentist from dental services provided. 4
. A monthly allowance a college student receives from home.
5. The publication and sale of a new college textbook.
6. A $2 billion increase in business inventories.
7. The purchase of 100 shares of Google stock.
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