Reference no: EM131076504
The following transactions take place in 2000:
1- An elderly couple goes to the movies and pays $150 for the tickets.
2- A family sells numerous knick-knacks at a garage sale for $125.
3- A young executive buys 100 shares of IBM for $10,000.
4- A college student receives $800 from his parents.
5- A young couple down on their luck receives food stamps worth $230.
6- A plumber performs work for a neighbor and receives $125 in cash that he does not record in his company’s records.
7- A physician operates on a friend’s husband and charges $2,000 for the operation instead of her usual $5,000.
8- A teenager paints the porch on his parents’ house. The paint cost $95. 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 $7,000.
10- The Federal Reserve Bank sells a bond for $2,000.
The addition to gross domestic product is
A- $9,245.
B- $25,525.
C- $13,525.
D- $17,645.
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: The following transactions take place in 2000: An elderly couple goes to the movies and pays $150 for the tickets. A family sells numerous knick-knacks at a garage sale for $125. A young executive buys 100 shares of IBM for $10,000. The addition to g..
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