Question
Which of the following are included in this year's GDP? Which are excluded? Explain your answers. a. Interest received on an AT&T corporate bond. b.
Which of the following are included in this year's GDP? Which are excluded? Explain your answers.
a. Interest received on an AT&T corporate bond.
b. Social Security payments received by a retired factory worker.
c. Unpaid services of a family member who painted the family home.
d. Income of a dentist from the dental services she provided.
e. A monthly allowance a college student receives from home.
f. Money received by Josh when he resells his nearly brand-new Honda automobile to Kim.
g. The publication and sale of a new college textbook.
h. An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay.
i. A $2 billion increase in business inventories.
j. The purchase of 100 shares of Alphabet (the parent company of Google) stock.
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