For each of the following transactions, identify whether or not it would be included in GDP:

a. An accountant receives payment for preparing a client's personal income tax return.
b. An owner of a Canada Savings Bond is paid interest on this bond.
c. A business buys a new piece of production equipment.
d. A student is paid for shoveling a neighbor's sidewalk.
e. An unemployed carpenter receives an employment insurance payment.
f. A town council hires a contractor to do paving work on the town's roads.
g. A newspaper publisher buys newsprint to add to its inventories of supplies.
h. An electronic hobbyist sells a used computer to a friend.
i. A fisher receives a government subsidy to help relocate to a larger community.
j. A Canadian business sells medical equipment to a Japanese hospital.
k. A wealth holder sells 1000 shares issued by a Canadian corporation.
l. A homeowner repairs his own leaking roof.

Answer rating: 100% (QA)

Answer a This will be a part of the GDP because it is the income earned by the accountant It will be ... View the full answer