This topic contains a solution. Click here to go to the answer

Author Question: Rhonda sells a house she has owned for 15 years and starts living in a rented apartment. To make it ... (Read 106 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
Rhonda sells a house she has owned for 15 years and starts living in a rented apartment. To make it more marketable, she buys carpeting that she has professionally installed and buys wallpaper that her daughter hangs. Which items would be included in this year's gross domestic product (GDP)?
 a. The sale price of the house
 b. The cost of transporting all her furnitures to the new apartment
 c. The opportunity cost of Rhonda's daughter's time
 d. The opportunity cost of Rhonda's time
 e. The purchase price for carpet and wallpaper, and the installation fee for the carpet

Question 2

Which of the following is the best example of an investment in human capital?
 a. on-the-job training received by an apprentice electrician
  b. an increase in the number of hours worked per week by a worker in an unskilled laboring job
  c. the purchase of company stock by a worker
  d. payments into a retirement pension plan by a skilled laborer



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

medine

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

e

Answer to Question 2

a




natalie2426

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Excellent


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library