For each of the following, say whether they are normally included in the measure of Gross domestic
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Question:
For each of the following, say whether they are normally included in the measure of Gross domestic product and explain why.
a) The sale of a current year model used car. [2 points]
Housing (monthly rent) Transportation (per ride) Meals
2018 2019
$3,000 $2,100 $300 $350 $500 $600
b) The services of manicurists given in the current year.
c) The profits of a foreign owned corporation operating in the domestic economy.
d) The work done in other countries by the normal residents of a country.
e) The cooking of meals for home consumption.
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