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"
