A. For each of the following examples, state if you think it is included in the 2010calculation for the Philippine GDP.The benefits of clean air and water.Government pays its fiscal debt interest in 2010.The sale of a new car from a manufacturer’s inventory in 2010.Judy sells her antique collection.Environmental destruction of mining operation in Antique.The sale of a used car.A newly constructed house.Road widening with a 6-month contract that started in January 2010.Government pays its debt interest in 2010.A 1962 Camaro sold to a collector in February 2010.A tractor produced by local automobile company in May 2010 and sold to a farmer in September 2010.A cell phones produced in August 2010 in Shanghai China.A car produced in Philippines in 2010 but sold to a customer in January 2011.Nonmarket goods such as homemaking and child-rearing.Estimated values of activity in the underground economy.Purchases and sales of goods produced in previous periods.Imported rice from Thailand.The purchase of a watch from a Swiss company in the Philippines.Mang Juan’s house constructed in 2009.A company invest in building a new plant in middle of the year 2010 and to be done at the end of the year.

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Answered: A. For each of the following examples,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A. For each of the following examples, state if you think it is included in the 2010calculation for the Philippine GDP.

The benefits of clean air and water.
Government pays its fiscal debt interest in 2010.
The sale of a new car from a manufacturer’s inventory in 2010.
Judy sells her antique collection.
Environmental destruction of mining operation in Antique.
The sale of a used car.
A newly constructed house.
Road widening with a 6-month contract that started in January 2010.
Government pays its debt interest in 2010.
A 1962 Camaro sold to a collector in February 2010.
A tractor produced by local automobile company in May 2010 and sold to a farmer in September 2010.
A cell phones produced in August 2010 in Shanghai China.
A car produced in Philippines in 2010 but sold to a customer in January 2011.
Nonmarket goods such as homemaking and child-rearing.
Estimated values of activity in the underground economy.
Purchases and sales of goods produced in previous periods.
Imported rice from Thailand.
The purchase of a watch from a Swiss company in the Philippines.
Mang Juan’s house constructed in 2009.
A company invest in building a new plant in middle of the year 2010 and to be done at the end of the year.

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