Explain what is counted in this years gdp

Assignment Help Finance Basics

Reference no: EM131481326

Question: In the following situations, explain what is counted in this year's GDP:

a. You bought a new Wii at GameStop last year and resold it on eBay this year.

b. You purchase an Investing for Dummies book at Barnes & Noble.

c. You purchase a historic home using the services of a real estate agent.

d. You detail your car so it is spotless inside and out.

e. You purchase a new hard drive for your old laptop.

f. Your physical therapist receives $300 for physical therapy but reports only $100.

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

h. Toyota produces 10,000 new Camrys that remain unsold at the end of the year.

Reference no: EM131481326

Questions Cloud

How does this sale affect gdp : Phil owns an old set of golf clubs that he purchased for $1,000 seven years ago. He decides to post them on Craigslist and quickly sells the clubs for $250.

Explain to your boss the importance of a project charter : You have been hired to oversee the decentralization of your client's human resources function in which corporate functions will be relocated to regional office.

What are the steps in the communication process : Use the Internet to find a source that discusses the communication process. What are the steps in the communication process?

Presents logically and persuasively why you propose to do it : Presents logically and persuasively why you propose to do it. Provides legitimate benefits the organization will receive from doing it.

Explain what is counted in this years gdp : You bought a new Wii at GameStop last year and resold it on eBay this year.

Define incremental-substantial-transformational innovation : Define 1) incremental, 2) substantial and 3) transformational innovation.

Demonstrate a deep understanding of wireless architecture : Demonstrate a deep understanding of wireless architecture and security vulnerabilities using examples and appropriate explanations.

What are the six stages in a research process : What are the six stages in a research process. Which stage is the most difficult to complete? Why? Which stage is the most important? Why?

What legal considerations must be taken into account : How would you use these methods to market the job to potential candidates? How will you differentiate and position the job in the job market?

User Account

All Pages