Indicate how each of the following activities affect the curret GDP: 1. Your aun
ID: 1188008 • Letter: I
Question
Indicate how each of the following activities affect the curret GDP:
1. Your aunt sends you $500 to help with your college expenses. explain.
2. You win $500 playing cards with classmates in the dormitory. explain
3. You pay $8,000 to purchase a for year old car.
4. You have car trouble and have to pay a reoair shop $1,500 to fix the transmission of your car. explain 5 You pay $5,100 to purchase 100 shares of Microsoft stock ($50 per share for the stock plus a $100 brokage fee). explain 6. You sell your shares of Microsoft stock (purchased for $5,000) for $6,000 minus a $100 brokage fee. explain
Indicate how each of the following activities affect the curret GDP:
1. Your aunt sends you $500 to help with your college expenses. explain.
2. You win $500 playing cards with classmates in the dormitory. explain
3. You pay $8,000 to purchase a for year old car.
4. You have car trouble and have to pay a reoair shop $1,500 to fix the transmission of your car. explain 5 You pay $5,100 to purchase 100 shares of Microsoft stock ($50 per share for the stock plus a $100 brokage fee). explain 6. You sell your shares of Microsoft stock (purchased for $5,000) for $6,000 minus a $100 brokage fee. explain
Explanation / Answer
1- increase
2-no effect
3- no effect as no new production
4- increase as u pay for services
5-investment increases
6-no effect