Explain Why the Value of GDP in 2014 Would or Would

Essay

Explain why the value of GDP in 2014 would or would not change as a result of each of the following transactions:
a.In 2014,the Smith family purchases a new house that was built in 2014.b.In 2014,the Jones family purchases a house that was built in 2001.c.In 2014,a construction company purchases windows to put in the Smith family home that was built in 2014.d.In 2014,Mr.Jones paints all of the rooms of the Jones family house purchased in 2014.e.In 2014,Mr.Smith uses an online brokerage service to purchase shares of stock in a construction company.