Identify whether the following items are officially included in 2019 GDP or Not. Give specific reasons if they are not included in GDP. The value of treasury notes sold by federal government in 2019. The profit earned in 2019 from selling a stock that you purchased in 2010. The value of a motor that is used in the production of a lawn mower in 2019.
Identify whether the following items are officially included in 2019 GDP or Not. Give specific reasons if they are not included in GDP. The value of treasury notes sold by federal government in 2019. The profit earned in 2019 from selling a stock that you purchased in 2010. The value of a motor that is used in the production of a lawn mower in 2019.
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 3SQ
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Question
- Identify whether the following items are officially included in 2019
GDP or Not. Give specific reasons if they are not included in GDP.- The value of treasury notes sold by federal government in 2019.
- The profit earned in 2019 from selling a stock that you purchased in 2010.
- The value of a motor that is used in the production of a lawn mower in 2019.
Expert Solution
Step 1
1.Treasury market is not included in official GDP and also stock market.
Therefore 1 and 2 are not included in official GDP.
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ISBN:
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Author:
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