Which would be classified under C when calculating GDP

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Problem 1. Which of the following would be classified under C when calculating GDP?

A. A homeowner mowing her own lawn

B. $50.00 spent eating out at a restaurant

C. The purchase of new computer software by an accounting firm

D. Flour purchased by a baker to make donuts

E. Donating old clothing to charitable causes

Problem 2. Which transactions will not be counted in GDP?

A. Pirated DVDs entering the nation illegally

B. The services of a physician

C. A retiree's social security benefits

D. A and C

E. B and C

Reference no: EM132643872

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