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Determine Whether Each of the Following Would Be Included in GDP,and

Question 148

Essay

Determine whether each of the following would be included in GDP,and explain why or why not.
(A)You buy a used car from a friend.
(B)You buy a used car at the local dealership.
(C)You are an at-home parent and spend your day cleaning house,cooking meals,and caring for the children.
(D)You hire a nanny to clean your house,cook your meals,and care for your children.

Correct Answer:

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(A) This does not count in GDP.Because y...

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