
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 12
Which of the folare included or excluded in this year's GDP? Explain your answer in each case.
a. Interest received on an AT T corporate bond.
b. Social Security payments received by a retired factory worker.
c. Unpaid services of a family member in painting the family home.
d. Income of a dentist from the dental services provided.
e. A monthly ala college student receives from home.
f. Money received by Josh when he resells his nearly brand-new Honda automobile to Kim.
g. The publication and sale of a new college textbook.
h. An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay.
i. A $2 billion increase in business inventories.
j. The purchase of 100 shares of Google common stock.
a. Interest received on an AT T corporate bond.
b. Social Security payments received by a retired factory worker.
c. Unpaid services of a family member in painting the family home.
d. Income of a dentist from the dental services provided.
e. A monthly ala college student receives from home.
f. Money received by Josh when he resells his nearly brand-new Honda automobile to Kim.
g. The publication and sale of a new college textbook.
h. An increase in leisure resulting from a 2-hour decrease in the length of the workweek, with no reduction in pay.
i. A $2 billion increase in business inventories.
j. The purchase of 100 shares of Google common stock.
Explanation
(a) Included. - Income received by the b...
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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