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(Solved): 2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP ...
2. Activities included (and not included) in the calculation ofGDP The gross domestic product (GDP) of the United States is defined as the all in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2021.
Expert Answer
1) No; In theory, the market value of the birdhouse should be included in GDP, but because estimating the value of do-it-yourself activities is diffic