Which of the following are included in this year’s GDP? Which are excluded or included.        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 who painted the family home:                 d. Income of a dentist from the dental services she provided:                 e. A monthly allowance that a college

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 2SCQ: Which of the following are included in GDP, and which are not? The cost of hospital stays The rise...
icon
Related questions
Question

Which of the following are included in this year’s GDP? Which are excluded or included. 

 

    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 who painted the family home:          

 

    d. Income of a dentist from the dental services she provided:          

 

    e. A monthly allowance that a 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 Alphabet (the parent company of Google) stock:          

 
 
 
 
 
 
 
 
 
 
 
 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
MACROECONOMICS
MACROECONOMICS
Economics
ISBN:
9781337794985
Author:
Baumol
Publisher:
CENGAGE L
Economics: Private and Public Choice (MindTap Cou…
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