Which of the following transactions or activities would be counted in your countrys GDP? Explain your answers.
Question:
Which of the following transactions or activities would be counted in your country’s GDP? Explain your answers.
a. A transportation company acquires a fleet of second-hand vehicles.
b. The same transportation company acquires 1,000 gallons of gas from a foreign company.
c. You buy 10 short-term government bonds.
d. A mining company acquires new government licenses to drill in the land that the company already owns.
e. You pay for a new haircut at your local hairdresser.
f. Foreign residents buy a bundle of your country’s food specialties on an online retail site.
g. Your parents spend a whole day cooking for the underprivileged.
h. The local government acquires furniture for newly built schools.
i. Two telecommunications companies merge.
j. A nonprofit organization buys an apartment to use as its headquarters.
k. You receive a large sum of money as bequest from a dead relative.
Step by Step Answer:
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster