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
Answered by
111
d. Mrs. King takes photos of planets and stars as part of her astronomy hobby.
This activity is
This activity is
Answered by
111
Trade charges fees to process Internet orders for stock trades.
This activity is
This activity is
Answered by
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
Answered by
111
h. Ms. Chavez makes a $300 payment for an Internet-based course on stock trading.
This activity is
This activity is
Answered by
111
i. Mr. Langham sells a used laptop computer to his neighbor.
This activity is
This activity is
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