CHAPTER 5_add2007

CHAPTER 5_add2007 - Which of the following would be counted...

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Which of the following would be counted in U.S. GDP? a. the purchase of an old house b. the purchase of a new textbook c. the purchase of a $1,000 government savings bond d. washing your car in the driveway e. the purchase of 50 shares of IBM stock An example of a service counted in this year's GDP is a. buying shampoo to give your pet a bath b. cleaning your house c. trimming your own hair d. hiring a gardener to weed your garden e. polishing your friend's car as a friendly gesture Which of the following would be counted in U.S. GDP? a. a new U.S.-produced radio bought by a Japanese citizen living in Kyoto b. a used U.S.-produced computer bought by a French citizen living in Kansas c. a new Japanese radio bought by a U.S. citizen in Rhode Island d. a U.S. pianist's concert sales in Britain e. stock in Microsoft Corporation bought by a Russian citizen In 2003, Computers, Inc. produced personal computers worth $20 million. If $16 million worth were sold and $4 million worth remained unsold at year end and were added to inventories, how much
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This note was uploaded on 03/27/2008 for the course ECON 102 taught by Professor Singerman during the Spring '08 term at Iowa State.

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CHAPTER 5_add2007 - Which of the following would be counted...

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