Which of the following transactions would not be included in the calculation of GDP on the expenditure side? O A. The purchase of a plumber's services by a household. OB. The purchase of an airplane by Air Canada. OC. The purchase of ground beef by McDonald's. O D. The purchase of a new boat by a household.

Which of the following transactions would not be included in the calculation of GDP on the expenditure side? O A. The purchase of a plumber's services by a household. OB. The purchase of an airplane by Air Canada. OC. The purchase of ground beef by McDonald's. O D. The purchase of a new boat by a household.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 2SCQ: Which of the following are included in GDP, and which are not? The cost of hospital stays The rise...

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Q15
What counts as GDP (II)? By how much does GDP rise in each of the fol-lowing scenarios? Explain. (a) A computer company buys parts from a local distributor for $1 million,assembles the parts, and sells the resulting computers for $2 million.(b) A real estate agent sells a house for $200,000 that the previous ownershad bought 10 years earlier for $100,000. Te agent earns a commissionof $6,000.(c) During a recession, the government raises unemployment benefts by$100 million.(d) A new U.S. airline purchases and imports $50 million worth of airplanesfrom the European company Airbus.
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Please give detailed answer
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