Here are some brain teasers. Can you see why the following are not counted in U.S. GDP?
Question:
a. The gourmet meals produced by a fine home chef
b. The purchase of a plot of land
c. The purchase of an original Rembrandt painting
d. The value I get in 2009 from playing a 2005 compact disc
e. Damage to houses and crops from pollution emitted by electric utilities
f. Profits earned by IBM on production in a British factory
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a The meals may be excellent but there is no exchange ...View the full answer
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