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Are the Following Transactions Included in the Calculation of the GDP

Question 112

Essay

Are the following transactions included in the calculation of the GDP? Why?
a. books you buy from the university bookstore
b. purchase of government bonds
c. writing a cheque to your dentist for his services
d. purchase by a car manufacturer of tyres for the produced vehicles

Correct Answer:

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a. Yes, it is a purchase of a final good...

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