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Which one of the following would be included in the calculation of GDP by the expenditure approach? Select one: a.the purchase of an original eighteenth
Which one of the following would be included in the calculation of GDP by the expenditure approach?
Select one:
a.the purchase of an original eighteenth century work of art
b.the purchase of 20 shares of a new issue of IBM stock
c.the value of your brother's services when he mows the lawn for the family
d.the income you pay to your gardener
e.the cost of adding a new kitchen to your house
Why is the answer adding a new kitchen to your house? Is the art purchase on an investment? Is the purchase of stocks not an investment?
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