Which of the following are included in GDP and which are not? If an item is included, state which GDP category it falls under (consumption, investment, government, trade balance) a) the cost of having your appendix removed b) buying a new car from a dealership c) buying a used car from your neighbor
Which of the following are included in
a) the cost of having your appendix removed
b) buying a new car from a dealership
c) buying a used car from your neighbor
d) the lettuce sold to the sub shop that will go on your sandwich
e) babysitting services at a licensed daycare provider
f) babysitting services provided by your cousin
g) a 2-year increase in life expectancy
The measure that depicts the final value of goods and services being produced during a specified period of time is known as gross domestic product.
Note: Due to multiple subparts being posted, the first three subparts have been answered as per the guidelines. Please repost the remaining subparts to be answered separately.
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