Which of the following are production activities that are included in GDP? Which are not? a. Mr. King performs the service of painting his own house instead of paying someone else to do it. This activity is GDP b. Mr. King paints houses for a living. This activity is GDP c. Mrs. King earns income from parents by taking baby photos in her digital photography studio. This activity is GDP.
Which of the following are production activities that are included in GDP? Which are not? a. Mr. King performs the service of painting his own house instead of paying someone else to do it. This activity is GDP b. Mr. King paints houses for a living. This activity is GDP c. Mrs. King earns income from parents by taking baby photos in her digital photography studio. This activity is GDP.
Chapter5: An Introduction To Macroeconomics
Section: Chapter Questions
Problem 3TY
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