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Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313 Exercise 6
Which of the following are included in this year's GDP Explain your answer in each case.
a. The services of a commercial painter in painting the family home.
b. An auto dealer's sale of a new car to a non- business customer.
c. The money received by Smith when she sells her biology textbook to a used-book buyer.
d. The publication and sale of a new economics textbook.
e. A $2 billion increase in business inventories.
f. Government purchases of newly produced aircraft.
a. The services of a commercial painter in painting the family home.
b. An auto dealer's sale of a new car to a non- business customer.
c. The money received by Smith when she sells her biology textbook to a used-book buyer.
d. The publication and sale of a new economics textbook.
e. A $2 billion increase in business inventories.
f. Government purchases of newly produced aircraft.
Explanation
Verified
Verified
(a)
This will be included in this year'...
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
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