The transactions listed to the right take place in 2010. The addition to grossdomestic product is1. An elderly couple go to the movies and pay $120 for the tickets.2. A family sells numerous knick-knacks at a garage sale for $95.3. A young executive buys 100 shares of IBM for $8,000.O A. $10,205.4. A university student receives $600 from his parents.O B. $11,180.O C. $20,680.5. A young couple down on their luck receive food stamps worth $180.6. A plumber performs work for a neighbour and receives $100 in cashthat he doesn't record in his company's records.O D. $18,605.7. A surgeon operates on a friend's husband and charges $4,000 for theoperation instead of her usual $8,000.8. A teenager paints the porch on his parents' house. The paint costs$85. The cost of hiring a professional to do the job would have been $400.9. A high school graduate works a summer job and makes $6,000.10. The Bank of Canada sells a bond for $1,500....

Below are points to be considered: *GDP includes final goods only. *Double counting should be…

Answered: The transactions listed to the right…

The transactions listed to the right take place in 2010. The addition to gross domestic product is O A. $10,205. O B. $11,180. OC. $20,680. O D. $18,605.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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