Which of the following are actually included in GDP and/or NI? If not counted, explain whether it should be, or simply cannot be. If it is counted, explain what kind of spending and/or what kind of income it is.
Which of the following are actually included in GDP and/or NI? If
not counted, explain whether it should be, or simply cannot be. If it is counted, explain what kind of spending and/or what kind of income it is.
a) Social security payments received by a retired factory worker.
b) US government leases land for an army training center
c) Ford motor company buying tires to put on its new cars.
d) Wages paid to a domestic servant.
e) The market value of a homemaker’s services.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
The post Which of the following are actually included in GDP and/or NI? If not counted, explain whether it should be, or simply cannot be. If it is counted, explain what kind of spending and/or what kind of income it is. appeared first on Superb Professors.
For any questions, feedback, or comments, we have an ethical customer support team that is always waiting on the line for your inquiries.