Adam lives in California and, after graduating college, opened up an ice cream business on the Venice Beach boardwalk. Which items are not counted in GDP?
Adam lives in California and, after graduating college, opened up an ice cream business on the Venice Beach boardwalk. Which items are not counted in GDP?
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 16SQ
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Adam lives in California and, after graduating college, opened up an ice cream business on the Venice Beach boardwalk. Which items are not counted in
a. Adam purchases a new sub-zero refrigerator for his ice cream shop.
b. The neighborhood kids broke Adam's window at the ice cream shop during a baseball game. Adam replaces the window.
c. After a successful summer, Adam travels to Egypt to visit the Red Sea.
d. Adam sells his used accounting textbook to his best friend Billy.
e. Adam spends a Saturday afternoon mowing his elderly neighbor's lawn. He earns $100 cash that day.
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