Chapter 7, Problem 9CQ

(a)

To determine

Identify the contribution to GDP when Person J pay’s a rent $1,000 to the shop.

(b)

To determine

Identify the contribution to GDP when Person J spend $200 on parts and pays $400 to repair the machine.

(c)

To determine

Identify the contribution to GDP when Person J spends $200 on parts and rebuild the engine.

(d)

To determine

Identify the contribution to GDP when Person J sells her automobile for $5,000 and buys from Person S for $10,000.

(e)

To determine

Identify the contribution to GDP when Person J sells automobile for $5,000 and buys new car for $20,000.