Use the list to determine the United States' GDP for the year 2013. Hint: Some goods should not be included in the GDP calculation. Good Produced Total Value 2013 Bicycles 500 Thrift Store 250 Clothing Food Stamps 650 New Computers 1500 Engines for New 800 Cars New Refrigerators Used Motor Cycles 485 340 Movie Tickets 100 Windows for New 1000 Buildings Fresh Bananas 200 $2640 $3690 $2890 $4175

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 14E
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Use the list to determine the United States' GDP for the year 2013. Hint: Some goods should not be included in the GDP calculation.
Good Produced
Total Value
2013 Bicycles
500
Thrift Store
250
Clothing
Food Stamps
650
New Computers
1500
Engines for New
800
Cars
New Refrigerators
Used Motor Cycles 485
340
Movie Tickets
100
Windows for New
1000
Buildings
Fresh Bananas
200
$2640
$3690
$2890
$4175
Sign ou
hp
Transcribed Image Text:Use the list to determine the United States' GDP for the year 2013. Hint: Some goods should not be included in the GDP calculation. Good Produced Total Value 2013 Bicycles 500 Thrift Store 250 Clothing Food Stamps 650 New Computers 1500 Engines for New 800 Cars New Refrigerators Used Motor Cycles 485 340 Movie Tickets 100 Windows for New 1000 Buildings Fresh Bananas 200 $2640 $3690 $2890 $4175 Sign ou hp
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