Answered: Can these activities be considered part…

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:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 9CQ

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Can these activities be considered part of GDP ? Please give your reason (s)

1. Mrs. Brown daily picks flowers in her garden.
2. John sells fruits in the market in town.
3. Two (2) were hurt in a car accident and were treated in their local hospital.
4. Pensioners do community work for free.
5. A garage buys spare tyres to sell them to customers next year.
6. If a Jamaica citizen works temporarily in St. Lucia.
7. A Barbadian owns a firm in Haiti.
8. The Maloney family grows all their vegetables to feed their family.
9. There is a shortage of imported Covid-19 vaccines and therefore it is being sold on the 'black market'.
10. Fred is frustrated of being unemployed, and therefore he starts his own marijuana farm and sell it on the 'black market'.

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