Which of the following would be counted toward GDP? babysitting your cousins buying stock in a company buying a new home buying a previously owned home
Added by Jason W.
Step 1
Step 1: Babysitting your cousins would not be counted toward GDP as it is considered a non-market activity and does not involve the production of goods or services for sale. Show more…
Show all steps
Your feedback will help us improve your experience
Haricharan Gupta and 69 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Which of the following would not be counted in the calculation of GDP? Select all that apply. A. Buying a counterfeit designer purse from a guy in an alley. B. Buying a brand new car. C. Paying for a flight to Las Vegas. D. Government spending on social security. E. Paying for a maid service to come clean your house. F. Cleaning your own house.
Haricharan G.
What components of GDP (if any) would each of the following transactions affect? Explain. A. Aunt Dolly hires a local contractor to build her a new house. B. You purchase a historic home using the services of a real estate agent. C. Apple buys 1,000 motherboards for use in making new computers. D. Toyota produces 10,000 new Camrys that remain unsold at the end of the year.
Andrew D.
Which of the following items is included in the calculation of GDP? a. Purchase of 100 shares of General Motors stock b. Purchase of a used car c. The value of a homemaker's services d. Sale of Gulf War military surplus e. None of the above would be included.
Majid B.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD