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Author Question: Which of the following expenditures would not be included in GDP? a. Purchase of a new lawnmower. ... (Read 86 times)

tiara099

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on: Jun 30, 2018
Which of the following expenditures would not be included in GDP?
 a. Purchase of a new lawnmower.
  b. Purchase of a silver cup previously sold new in 1950.
  c. Purchase of a ticket to the latest movie.
  d. All of these would be counted in GDP.

Question 2

Which of the following items is included in the calculation of GDP?
 a. Purchase of 100 shares of General Motors stock.
  b. Purchase of a used car.
  c. The value of a homemaker's services.
  d. Sale of Gulf War military surplus.
  e. None of these would be included.


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dellikani2015

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


tiara099

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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