Which of the following transactions would be included in gdp

Asked by admin @ 02/10/2021 in Business viewed by 280 People

"Which one of the following transactions would be included in GDP?

a. Mr. Doe donates $500 to his town's junior college scholarship fund.
b. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale.
c. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock.
d. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident."

Answered by admin @ 02/10/2021

Answer:

The correct answer is option d.

Explanation:

GDP of an economy includes the total value of final goods and services produced in an economy in a year. It does not include the value of intermediate goods as this would lead to double counting.

It also does not include the value of the sale of second-hand goods because of the same reason.

The donation will not be included directly in the GDP as it not a payment for goods and services.

The purchase of financial assets is also not included in the GDP.

So only the money paid for fixing a damaged car will be included in the GDP. It is included as it is a payment made in return for a service.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2735 persons

Which of the following transactions would be included in gdp

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