Which of the following transactions should or should not be counted in GDP? Answer Yes or No and briefly explain your answer. Answers without explanation will not be considered in grading, even if they are correct. a. A Picasso painting sold at an auction for $30 million b. $20 million tires purchased by Ford Motor Company c. A $100 million Initial Public Offering (IPO) by Gameboy
Which of the following transactions should or should not be counted in GDP? Answer Yes or No and briefly explain your answer. Answers without explanation will not be considered in grading, even if they are correct. a. A Picasso painting sold at an auction for $30 million b. $20 million tires purchased by Ford Motor Company c. A $100 million Initial Public Offering (IPO) by Gameboy
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 9SQP
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Question
- Which of the following transactions should or should not be counted in
GDP ? - Answer Yes or No and briefly explain your answer. Answers without explanation will not be considered in grading, even if they are correct.
- a. A Picasso painting sold at an auction for $30 million
- b. $20 million tires purchased by Ford Motor Company
- c. A $100 million Initial Public Offering (IPO) by Gameboy
- d. A new tennis racket purchased by Roger Federer
- e. A new tunnel under the Hudson
- f. $20,000/year value of grandparents' baby-sitting their grandson
- g. A $15 Pizza
- h. A $1,200 stimulus check sent to households by the government as COVID relief
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- Which of the following transactions should or should not be counted in
GDP ? - Answer Yes or No and briefly explain your answer. Answers without explanation will not be considered in grading, even if they are correct.
- e. A new tunnel under the Hudson
- f. $20,000/year value of grandparents' baby-sitting their grandson
- g. A $15 Pizza
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