Which of the following are included in this year\'s GDP? Explain your answer in

Question

Which of the following are included in this year's GDP? Explain your answer in each situation. a. Interest on an AT&T; bond. b. Social security payments received by a retired factory worker. c. The services of a painter in painting the family home (state whether or not the painter is a family member or an outside contractor). d. The income of a dentist. e. The money received by Smith when she sells her economics textbook to a book buyer. f. The monthly allowance a college student receives from home. g. Rent received on a two-bedroom apartment. h. The money received by Mac when he resells his current-year-model Plymouth Prowler to Stan. i. Interest received on corporate bonds. j. A 2-hour decrease in the length of the work-week.

Explanation / Answer

C

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