Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
Question
Chapter 7, Problem 14CQ

(a)

To determine

Identify whether the suffering $10,000 damage of automobile affects the current year’s GDP.

(b)

To determine

Identify whether the winning lottery affects the current year’s GDP.

(c)

To determine

Identify the share of stock and sales commission that affects the current year’s GDP.

(d)

To determine

Identify the rental payment affect the current year GDP.

(e)

To determine

Identify whether the computer service payment affect the current year’s GDP.

(f)

To determine

Identify whether the cash receive from parents will affect the current year’s GDP.

(g)

To determine

Identify whether a raise in hourly earnings and reduction in working hours affect the current year’s GDP.

(h)

To determine

Identify the earnings from Country S as an English instructor affect the current year GDP.

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