Question
Which of the following are included or excluded in this year's GDP? a. Interest received on an AT&T corporate bond (Click to select) Included Excluded
Which of the following are included or excluded in this year's GDP?
a.Interest received on an AT&T corporate bond
(Click to select)
Included
Excluded
b.Public Pension Plan Payments (or CPP) received by a retired factory worker
(Click to select)
Included
Excluded
c.The unpaid services of a family member in painting the family home
(Click to select)
Included
Excluded
d.Income of a dentist from the dental services provided
(Click to select)
Included
Excluded
e.A monthly allowance a college student receives from home
(Click to select)
Included
Excluded
f.Money received by Josh when he resells his nearly brand-new Honda automobile to Kim
(Click to select)
Included
Excluded
g.The publication and sale of a new college textbook
(Click to select)
Included
Excluded
h.An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay
(Click to select)
Included
Excluded
i.A $2 billion increase in business inventories
(Click to select)
Included
Excluded
j.The purchase of 100 shares of Google common stock
Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. The retailer, in turn, brings in $160,000 from selling the bulbs directly to final customers.
What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year?
$________
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