Which of the following WOULD be counted in GDP?Baking a cake for a family gatheringO Buying some clothes at a garage saleO Paying a local kid cash to cut your grassO Hiring a professional to clean your home

GDP stands for Gross Domestic Product of the economy. It is the final value of goods and service…

Which of the following WOULD be counted in GDP? Baking a cake for a family gathering Buying some clothes at a garage sale Paying a local kid cash to cut your grass Hiring a professional to clean your home

Which of the following WOULD be counted in GDP? Baking a cake for a family gathering Buying some clothes at a garage sale Paying a local kid cash to cut your grass Hiring a professional to clean your home

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 2QP

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Question

Which of the following WOULD be counted in GDP?
Baking a cake for a family gathering
O Buying some clothes at a garage sale
O Paying a local kid cash to cut your grass
O Hiring a professional to clean your home

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