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Q: which of the following would by itself* be counted as a in GDP for 2020? Explain answers. *Would not be included as part of
Q: which of the following would by itself* be counted as a in GDP for 2020? Explain answers. *Would not be included as part of another 2020 entry
- A steel company produces and sells $500 of steel to General Motors in 2020. The steel is then used in vehicles that are completed and sold in the same year.
- A steel company produces and sells $500 of steel to General Motors in 2020.The steel is not used that year but is later used in vehicles completed & sold in 2021.
- You are hired by the government in 202 as an outside worker (through a temp agency) to tighten bolts on door hinges at the White HOuse. You earn $500 for this
- You are hired as an employee of GM in 2020 to tighten bolts on car doors before they are shipped to dealerships. You earn $500 for 100 crs
- A tool manufacturer produces and sells a $500 bolt tightener to GM in 2020
- A collector hires an art dealer on commission to sell an old painting. The dealer sells the painting in 2020 for $5000; he earns 10% commission on the sale
- You receive a $500 unemployment check from the government in 2020
- You win a friendly $500 wager on the 2020 SUper Bowl outcome
- You rent out your condo in Wyoming for the market rate of $500 per month in 2020
- You live in your condo in Wyoming in 2020 instead of renting it out
- Your grandmother gives you $500 for helping her do house chores in 2020
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