For each of the following examples, state if you think it is included in the 2010 calculation for the Philippine GDP. 1. Government pay its fiscal debt interest in 2010. 2. The sale of a new car from a manufacturer’s inventory in 2010. 3. Imported rice from Thailand. 4. The purchase of a watch from a Swiss company in the Philippines. 5. Environmental destruction of mining operation in Antique. 6. Government pay its debt interest in 2010.
For each of the following examples, state if you think it is included in the 2010 calculation for the Philippine GDP. 1. Government pay its fiscal debt interest in 2010. 2. The sale of a new car from a manufacturer’s inventory in 2010. 3. Imported rice from Thailand. 4. The purchase of a watch from a Swiss company in the Philippines. 5. Environmental destruction of mining operation in Antique. 6. Government pay its debt interest in 2010.
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 2SQ
Related questions
Question
For each of the following examples, state if you think it is included in the 2010 calculation for the Philippine GDP.
1. Government pay its fiscal debt interest in 2010.
2. The sale of a new car from a manufacturer’s inventory in 2010.
3. Imported rice from Thailand.
4. The purchase of a watch from a Swiss company in the Philippines.
5. Environmental destruction of mining operation in Antique.
6. Government pay its debt interest in 2010.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning