Save Question 17 (1 point) Beautiful Boating purchases five new boats at $200 th

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Save Question 17 (1 point) Beautiful Boating purchases five new boats at $200 thousand each to rent to vacationing fishermen. The firm sells its old boats to the public for $500 thousand. The net increase in GDP of these transactions was $500.000. $1,000,000. $1,250,000. $1,500,00o. ponse Question 18 (1 point) Response not sold in markets Because government services are they are excluded from measurements of GDF the government tries to estimate their market value and uses this to measure the government's contribution to GDP on 20 Saved

Explanation / Answer

Q.17 Option 2

GDP includes only new goods purchased and does not includes sales of old boats

=200*1000*5=$1000000

Q.18 Option 4. They are valued at their cost of production

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