Determine if the following would be included (I) or excluded (E) from the calculation of GDP. (d) An increase in business inventories _______ (e) The income of a tax accountant working for a business _______ (f) Income received from interest on a corporate bond ________ (g) Business expenditures on pollution control equipment ______ (h) Dr. Jung grows tomatoes in his backyard for home consumption _______

Determine if the following would be included (I) or excluded (E) from the calculation of GDP. (d) An increase in business inventories ___ (e) The income of a tax accountant working for a business _ (f) Income received from interest on a corporate bond (g) Business expenditures on pollution control equipment (h) Dr. Jung grows tomatoes in his backyard for home consumption ___

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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