Which of the following are counted in this year’s GDP? Explain your answer in each case. A.  Flashy Car Company sold a used car. B.  Juanita Jones cooked meals for her family. C.  IBM paid interest on its bonds. D.   José Suarez purchased 100 shares of Microsoft stock. E.  Bob Smith received a welfare payment. F.  Carriage Realty earned a brokerage commission for selling a previously owned house. G.  The government makes interest payments to persons holding government bonds. H.  Air and water pollution increase. I.  Gambling is legalized in all states. J.  A retired worker receives a Social Security payment

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
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  1. Which of the following are counted in this year’s GDP? Explain your answer in each case.

A.  Flashy Car Company sold a used car.

B.  Juanita Jones cooked meals for her family.

C.  IBM paid interest on its bonds.

D.   José Suarez purchased 100 shares of Microsoft stock.

E.  Bob Smith received a welfare payment.

F.  Carriage Realty earned a brokerage commission for selling a previously owned house.

G.  The government makes interest payments to persons holding government bonds.

H.  Air and water pollution increase.

I.  Gambling is legalized in all states.

J.  A retired worker receives a Social Security payment.

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