Question
Indicate whether each of the following was counted in the United States gross domestic product for the year 1998. Explain each of your answers. a)
a) The commission earned by a Realtor who sold a house in 1998. The house was originally built in 1955.
b) The value of an automobile produced in 1998, but sold on January 1st, 1999.
c) The $1000 that Kevin earned from a stock that he bought and sold in 1998.
d) The value of blenders produced in 1998 entirely in Germany by a company that is owned by American citizens.
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
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