Which of the following are production activities that are included in GDP? Which are not?a. Mr. King performs the service of painting his own house instead of paying someone else to do it.This activity isGDPb. Mr. King paints houses for a living.This activity isGDP.c. Mrs. King earns income from parents by taking baby photos in her digital photography studio.This activity isGDP.d. Mrs. King takes digital photos of planets and stars as part of her astronomy hobby.This activity isGDP.e. E*Trade charges fees to process Internet orders for stock trades.This activity isGDP.f. Mr. Ho spends $10,000 on shares of stock via an Internet trade order. This activity isMr. Ho pays a $10 brokerage fee. This activity isGDPg. Mrs. Ho receives an income support payment from the government.This activity isGDP.h. Ms. Chavez makes a $300 payment for an Internet-based course on stock trading.This activity is▼ GDP.i. Mr. Langham sells a used laptop computer to his neighbour.This activity isGDP.GDP

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Which of the following are production activities that are included in GDP? Which are not? a. Mr. King performs the service of painting his own house instead of paying someone else to do it. This activity is GDP b. Mr. King paints houses for a living. This activity is GDP c. Mrs. King earns income from parents by taking baby photos in her digital photography studio. This activity is GDP.

Which of the following are production activities that are included in GDP? Which are not? a. Mr. King performs the service of painting his own house instead of paying someone else to do it. This activity is GDP b. Mr. King paints houses for a living. This activity is GDP c. Mrs. King earns income from parents by taking baby photos in her digital photography studio. This activity is GDP.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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