For each of the following transactions, determine the contribution to the current year's GDP a) On January 1, you buy 10 gallons of petrol at GHC 15 per gallon. The filling station purchased the petrol the previous week at a wholesale price of GHC 12 per gallon b) You purchased a locally manufactured AK 47 used in the 2nd world war during an exhibition for GHC 2million. The brokerage fee was 6% of the sale value. c) A homemaker enters the workforce, taking a job that pays GHC 40,000 a year
For each of the following transactions, determine the contribution to the current year's
a) On January 1, you buy 10 gallons of petrol at GHC 15 per gallon. The filling
station purchased the petrol the previous week at a wholesale price of GHC 12
per gallon
b) You purchased a locally manufactured AK 47 used in the 2nd world war during
an exhibition for GHC 2million. The brokerage fee was 6% of the sale value. c) A homemaker enters the workforce, taking a job that pays GHC 40,000 a year
The homemaker now hires a nanny who is paid GHC 16,000 per year.
d) You are informed that you have won a lottery worth GHC 3 million to be paid
to you immediately
e) You are informed that you have won a lottery worth GHC 3million to be paid
to you immediately. In addition, the GNL pays you GHC 5000 to appear in their
promotional advert
f) Busy internet replaces all its stock of all computers with brand new locally
manufactured computers from rLg worth GHC 100m. It sells its old computers for GHC 40million to rLg which resells them for GHC 60million after some minor repairs work on them.
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