Which of the following are not included in GDP? Why? a. Twelve-year-old Johnny mows his family's lawn. b. Dave Malone buys a used car. c. Barbara Wilson buys a bond issued by General Motors. d. An illegal drug transaction takes place at the corner of Elm and Fifth.
Which of the following are not included in GDP? Why? a. Twelve-year-old Johnny mows his family's lawn. b. Dave Malone buys a used car. c. Barbara Wilson buys a bond issued by General Motors. d. An illegal drug transaction takes place at the corner of Elm and Fifth.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 2QP
Question
Which of the following are not included in GDP? Why?
a. Twelve-year-old Johnny mows his family's lawn.
b. Dave Malone buys a used car.
c. Barbara Wilson buys a bond issued by General Motors.
d. An illegal drug transaction takes place at the corner of Elm and Fifth.
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