Services of a commercial painter in painting the family home

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Reference no: EM13696654

Which of the following are included in this year’s GDP? Explain your answer in each case.

a. The services of a commercial painter in painting the family home.

b. An auto dealer’s sale of a new car to a non business customer.

c. The money received by Smith when she sells her biology textbook to used book buyer.

d. The publication and sale of a new economic textbook.

e. A $2 billion increase in business inventories.

f. Government purchases of newly produced aircraft.

Reference no: EM13696654

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