Qu. 1. Which of the following are actually included in deriving this year’s GDP Explain your answer in each case.
(a) dividends on a BHP share
(b) social security payments received by a retired factory worker
(c) the services of a painter in painting the family home
(d) the money received by Lee when he sells a 1993 Holden to Smith
(e) the monthly allowance that a college student receives from home
(f) rent received on a two-bedroom flat
(g) a $20 million increase in business stocks
(h) the purchase of 100 BHP shares
(i) the purchase of an insurance policy
(j) the market value of a homemaker’s services
Qu. 2. Which component of GDP will be affected by each of the following transactions If you believe that none of the components of GDP will be affected by the transactions, briefly explain why.
