This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If you sell your textbook to your friend this year, does the sale count in this year's GDP? What ... (Read 53 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
If you sell your textbook to your friend this year, does the sale count in this year's GDP?
 
  What will be an ideal response?

Question 2

A wholesale flower market is an example of ________.
 
  A) perfect competition
  B) monopolistic competition
  C) monopoly
  D) oligopoly


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

No, the sale would not count in this year's GDP because it is the sale of a used item. The sale of used items is not counted in GDP because GDP measures goods and services produced within a specified time frame. Unless your textbook was produced in this year, it will not count in this year's GDP. And, even if was produced this year, it has already been included in this year's GDP when it was initially sold as a new textbook.

Answer to Question 2

A


folubunmi

  • Member
  • Posts: 524
Reply 2 on: Jun 29, 2018
Wow, this really help

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
Kahan (Last Year) Kahan (Last Year)
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library