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
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
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 12SQP
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Question
- 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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