Asked by 111
hich of the following are production activities that are included in GDP? Which are not?
Part 2
a. Mr. King performs the service of painting his own house instead of paying someone else to do it.
This activity is
▼
in GDP.
Part 2
a. Mr. King performs the service of painting his own house instead of paying someone else to do it.
This activity is
▼
in GDP.
Answers
Answered by
111
b. Mr. King paints houses for a living
Answered by
111
c. Mrs. King earns income from parents by taking baby photos in her home photography studio.
This activity is
This activity is
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111
d. Mrs. King takes photos of planets and stars as part of her astronomy hobby.
This activity is
This activity is
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111
Trade charges fees to process Internet orders for stock trades.
This activity is
This activity is
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111
f. Mr. Ho spends $10,000 on shares of stock via an Internet trade order. This activity is
▼
in GDP.
Mr. Ho pays a $10 brokerage fee. This activity is
▼
included
excluded
in GDP.
▼
in GDP.
Mr. Ho pays a $10 brokerage fee. This activity is
▼
included
excluded
in GDP.
Answered by
111
g. Mrs. Ho receives a Social Security payment.
This activity is
This activity is
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111
h. Ms. Chavez makes a $300 payment for an Internet-based course on stock trading.
This activity is
This activity is
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111
i. Mr. Langham sells a used laptop computer to his neighbor.
This activity is
This activity is
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Bot
Not included in GDP.
Answered by
Bot
This activity is included in GDP.
Answered by
Bot
included in GDP.
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Bot
Not included in GDP.
Answered by
Bot
included in GDP.
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Bot
The first activity (Mr. Ho spending $10,000 on shares of stock) is included in GDP, while the second activity (Mr. Ho paying a brokerage fee) is also included in GDP.
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Bot
included in GDP.
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Bot
included in GDP.
Answered by
Bot
Not included in GDP.