7. Why are the following not included in national income : (a) Sale of an old car; (b) Winning of a lottery; (c) Income of a smuggler.

18. If consumers in the U.S. buy $3.5 billion of clothes made by businesses in Bangladesh, how is this accounted for in the expenditure categories? a. this is spending on a consumer good so GDP rises b. the clothes are imports so they reduce GDP c. the clothes are both consumer goods and imports so GDP doesn't change d. the GDP could rise or fall, it depends on whether the clothes were taxed

7

Kay three numbers 29.5, 1.2, 140.7