Can these activities be considered part of GDP? Answer the followingstatements by indicating Yes or No.a. John sells fruits in the market in town.b. Two (2) were hurt in car accident and were treated in their localhospital.c. A garage buys spare tyres to sell to customers next year.d. If a Jamaican citizen works temporarily in St. Lucia.e. A Barbadian owns a firm in Haiti.
Can these activities be considered part of GDP? Answer the followingstatements by indicating Yes or No.a. John sells fruits in the market in town.b. Two (2) were hurt in car accident and were treated in their localhospital.c. A garage buys spare tyres to sell to customers next year.d. If a Jamaican citizen works temporarily in St. Lucia.e. A Barbadian owns a firm in Haiti.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 2CQQ
Related questions
Question
Can these activities be considered part of GDP? Answer the following
statements by indicating Yes or No.
a. John sells fruits in the market in town.
b. Two (2) were hurt in car accident and were treated in their local
hospital.
c. A garage buys spare tyres to sell to customers next year.
d. If a Jamaican citizen works temporarily in St. Lucia.
e. A Barbadian owns a firm in Haiti.
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