Question 1: For each of the activities listed below, determine if it should be included in calculating the 2022 Canadian GDP using the expenditure approach by selecting INCLUDED or NOT INCLUDED and the corresponding reason. ActivityIncluded/Not includedReason A Bombardier jet made in Quebec and sold to Martinique in 2022. A house built in Toronto in 2021 but not sold until 2022. A new federal courthouse built in Calgary in 2022. A fine chocolate bar produced in Denmark and sold in Vancouver in 2022. A case of whiskey produced in Ontario in 2022 and sold to someone in Spain in 2023. A newly planted wheat farm in Manitoba in 2022. A resident of New Brunswick pays her property taxes in 2022. A performance by a Japanese acrobatic dance company in Edmonton in 2022. Payment by a resident of Montreal to their neighbor's daughter for five hours of dog-sitting service in 2022. . Purchase of 100 shares of Netflix stock by your relative in Winnipeg in 2022.

The expenditure approach to calculating GDP includes all final goods and services produced in a…

Answered: Question 1: For each of the activities…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 1: For each of the activities listed below, determine if it should be included in calculating the 2022 Canadian GDP using the expenditure approach by selecting INCLUDED or NOT INCLUDED and the corresponding reason.

Activity	Included/Not included	Reason
A Bombardier jet made in Quebec and sold to Martinique in 2022.
A house built in Toronto in 2021 but not sold until 2022.
A new federal courthouse built in Calgary in 2022.
A fine chocolate bar produced in Denmark and sold in Vancouver in 2022.
A case of whiskey produced in Ontario in 2022 and sold to someone in Spain in 2023.
A newly planted wheat farm in Manitoba in 2022.
A resident of New Brunswick pays her property taxes in 2022.
A performance by a Japanese acrobatic dance company in Edmonton in 2022.
Payment by a resident of Montreal to their neighbor's daughter for five hours of dog-sitting service in 2022. .

Purchase of 100 shares of Netflix stock by your relative in Winnipeg in 2022.

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