What counts as gdp

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Assignment:

What counts as GDP (1)? By how much does GDP rise in each of the following scenarios? Explain.

(a) A computer company buys parts from a local distributor for $1 million, assembles the parts, and sells the resulting computers for $2 million.

(b) A real estate agent sells a house for $200,000 that the previous owners had bought 10 years earlier for $100,000. The agent earns a commission of $6,000.

(c) During a recession, the government raises unemployment benefits by $100 million.

(d) A new U.S. airline purchases and imports $50 million worth of airplanes from the European company Airbus.

Reference no: EM133243172

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