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Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409 Exercise 2
Which of the following are included in this year's GDP? Explain your answer in each case.
a. The services of a commercial painter in painting the family home.
b. An auto dealer's sale of a new car to a nonbusiness customer.
c. The money received by Smith when she sells her biology textbook to a used-book buyer.
d. The publication and sale of a new economics textbook.
e. A $2 billion increase in business inventories.
f. Government purchases of newly produced aircraft.
a. The services of a commercial painter in painting the family home.
b. An auto dealer's sale of a new car to a nonbusiness customer.
c. The money received by Smith when she sells her biology textbook to a used-book buyer.
d. The publication and sale of a new economics textbook.
e. A $2 billion increase in business inventories.
f. Government purchases of newly produced aircraft.
Explanation
Verified
Verified
a.
The services of a commercial painter ...
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
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