Which of the following transactions will be counted in the GDP a) Purchase of a used car. b) Income gained by an American citizen from a company he owns but which operates in Italy. c) Sale of a share of General Motors on the stock market. d) Your production of "home-made" bread for your family's use. e) The production of steel for use in automobile production, that remained in inventory at year's end. f) The sale of steel used in automobile production. g) You fix your neighbor's car in exchange for his helping you with your plumbing, but neither of you reports income to the IRS. h) You fix your neighbor's car in exchange for his helping you with your plumbing, and you report the value of these services to the IRS as income. i) Services of a prostitute in a jurisdiction where prostitution is illega
4. Which of the following transactions will be counted in the GDP
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a) Purchase of a used car. |
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b) Income gained by an American citizen from a company he owns but which operates in Italy. |
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c) Sale of a share of General Motors on the stock market. |
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d) Your production of "home-made" bread for your family's use. |
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e) The production of steel for use in automobile production, that remained in inventory at year's end. |
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f) The sale of steel used in automobile production. |
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g) You fix your neighbor's car in exchange for his helping you with your plumbing, but neither of you reports income to the IRS. |
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h) You fix your neighbor's car in exchange for his helping you with your plumbing, and you report the value of these services to the IRS as income. |
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i) Services of a prostitute in a jurisdiction where prostitution is illegal |
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