Question: 3 . State whether each item below would be included or excluded from the measure of GDP and explain why. ( 1 2 points 3
State whether each item below would be included or excluded from the measure of GDP and explain why. points points for each part. points for the answer and point for the explanation
a Income received, a credit card or check payment, by a mechanic for servicing your car.
b A person who works on their own car.
c The purchase of shares of corporate stock.
d A $ billion increase in business inventories.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
