2.  In the following situations, explain what is counted (or is not counted) in this year's GDP. A.  you bought the latest playstation model at gameshop last year and resold it on ebay this year. B.  You purchase a new copy of investing for dummies at barnes & nobel. C.  you purchase a historic home using the services of a real estate D.  you detail your car so it it spotless inside and out.  E.  you purchase a new hard drive for your old lap. F.  your physical therapist received $300 for for physical therapy but reports only 100. G.  Apple buys 1,000 motherboards for use in making new computers. H.  Tayota produces 10,000 new camrys that remain unsold at the of the year.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 2QP
icon
Related questions
Question
100%

2.  In the following situations, explain what is counted (or is not counted) in this year's GDP.

A.  you bought the latest playstation model at gameshop last year and resold it on ebay this year.

B.  You purchase a new copy of investing for dummies at barnes & nobel.

C.  you purchase a historic home using the services of a real estate

D.  you detail your car so it it spotless inside and out. 

E.  you purchase a new hard drive for your old lap.

F.  your physical therapist received $300 for for physical therapy but reports only 100.

G.  Apple buys 1,000 motherboards for use in making new computers.

H.  Tayota produces 10,000 new camrys that remain unsold at the of the year.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Value Added Method
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning