Explain Why the Value of GDP in 2012 Would or Would

Essay

Explain why the value of GDP in 2012 would or would not change as a result of each transaction described below: a. In 2012 , the Smith family purchases a new house that was built in 2012 .
b. In 2012 , the Jones family purchases a house that was built in 2001 .
c. In 2012 , a construction company purchases windows to put in the Smith family home that was built in 2012 .
d. In 2012, Mr. Jones paints all of the rooms of the Jones family house purchased in 2009 , using paint and supplies purchased in 2012 .
e. In 2012, Mr. Smith uses an online brokerage service to purchases shares of stock in a construction company.