Window Help Q Exam 2 Chapter 6 Flashc, Cengage Econ Macro × MZNB8Q76YXVXFX1R373/

Question

Window Help Q Exam 2 Chapter 6 Flashc, Cengage Econ Macro × MZNB8Q76YXVXFX1R373/casQuizzes/429c3b2f-5045-4d68-8832-3aa Econ Macro5 (0 ASSIGNMENTS STUDYBOARD 23/25 Which of the following would be excluded from the gross domestic product (GDP)? The sale of mobiles decreasing significantly The government reducing welfare benefits A homemaker spending $20 taking the family out to lunch instead of cooking food A consumer having his pickup truck tuned up at the local garage The mayor of a city hiring more workers to improve the sanitation of the city CONTINUE Copyright Notices Terms of Use Privacy Stacement

Explanation / Answer

Goods produced outside domestic boundaries are excluded from GDP. Intermediate goods, transfer payments by the government are also excluded. A consumer having his pickup truck turned up at the local garage is excluded as maintenance are intermediate costs

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