The transactions listed to the right take place in 2010. The addition to gross domestic product is O A. $10,205. O B. $11,180. OC. $20,680. O D. $18,605.
The transactions listed to the right take place in 2010. The addition to gross domestic product is O A. $10,205. O B. $11,180. OC. $20,680. O D. $18,605.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The transactions listed to the right take place in 2010. The addition to gross
domestic product is
1. An elderly couple go to the movies and pay $120 for the tickets.
2. A family sells numerous knick-knacks at a garage sale for $95.
3. A young executive buys 100 shares of IBM for $8,000.
O A. $10,205.
4. A university student receives $600 from his parents.
O B. $11,180.
O C. $20,680.
5. A young couple down on their luck receive food stamps worth $180.
6. A plumber performs work for a neighbour and receives $100 in cash
that he doesn't record in his company's records.
O D. $18,605.
7. A surgeon operates on a friend's husband and charges $4,000 for the
operation instead of her usual $8,000.
8. A teenager paints the porch on his parents' house. The paint costs
$85. The cost of hiring a professional to do the job would have been $400.
9. A high school graduate works a summer job and makes $6,000.
10. The Bank of Canada sells a bond for $1,500.
...](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F20f37cdd-d3a9-452a-8b1c-99aa8f07c5d1%2Fb418dda5-02ec-4331-8bb5-9cc6174f1b3f%2F6gbecp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The transactions listed to the right take place in 2010. The addition to gross
domestic product is
1. An elderly couple go to the movies and pay $120 for the tickets.
2. A family sells numerous knick-knacks at a garage sale for $95.
3. A young executive buys 100 shares of IBM for $8,000.
O A. $10,205.
4. A university student receives $600 from his parents.
O B. $11,180.
O C. $20,680.
5. A young couple down on their luck receive food stamps worth $180.
6. A plumber performs work for a neighbour and receives $100 in cash
that he doesn't record in his company's records.
O D. $18,605.
7. A surgeon operates on a friend's husband and charges $4,000 for the
operation instead of her usual $8,000.
8. A teenager paints the porch on his parents' house. The paint costs
$85. The cost of hiring a professional to do the job would have been $400.
9. A high school graduate works a summer job and makes $6,000.
10. The Bank of Canada sells a bond for $1,500.
...
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