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
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Chapter1: Making Economics Decisions
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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.
d. Mrs. King takes digital photos of planets and stars as part of her astronomy hobby.
This activity is
GDP.
e. E*Trade charges fees to process Internet orders for stock trades.
This activity is
GDP.
f. Mr. Ho spends $10,000 on shares of stock via an Internet trade order. This activity is
Mr. Ho pays a $10 brokerage fee. This activity is
GDP
g. Mrs. Ho receives an income support payment from the government.
This activity is
GDP.
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 is
GDP.
GDP
Transcribed Image Text: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. d. Mrs. King takes digital photos of planets and stars as part of her astronomy hobby. This activity is GDP. e. E*Trade charges fees to process Internet orders for stock trades. This activity is GDP. f. Mr. Ho spends $10,000 on shares of stock via an Internet trade order. This activity is Mr. Ho pays a $10 brokerage fee. This activity is GDP g. Mrs. Ho receives an income support payment from the government. This activity is GDP. 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 is GDP. GDP
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