Jan 30 - Jan 30 Chapter 5, Problem 1-3 1. GDP or not GDP a....

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Jan 30 Chapter 5, Problem 1-3 1. GDP or not GDP a. A new personal computer produced by IMB, which remained unsold at the year’s end Yes, investment b. A physician’s services to a household Yes, consumption c. Produce bought by restaurant to service to customers. Partially yes d. The purchase of 1000 shares of Disney stock No e. The sale of 50 acres of commercial property No f. A real estate agent’s commission from the sale of property Yes g. A transaction in which you clean your roommate’s apartment to exchange for his working on your car No, non market transaction h. An Apple iMac computer produced in the United State and purchased by a French citizen Yes i. The government Social security payments to retired people j. No 2. Calculate the total change in a year’s GDP for each of the following scenarios. a. A family sells a home for $15000
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Rental value: $700/month Family buys a $200000 condo, broker’s fee 6% The condo had been renting for $500/month b. General electric’s revenue $ 75 million (yes)
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Jan 30 - Jan 30 Chapter 5, Problem 1-3 1. GDP or not GDP a....

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