Chat with AI
Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 1ISBN: 978-0077230975Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 1ISBN: 978-0077230975 Exercise 6
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 non-business 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 non-business 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
GDP includes summation of consumption, i...
Macroeconomics 1st Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
