Respuesta :
Answer:
Kerry buys a new sweater to wear this winter.
Jasmine buys a new car.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The purchase of the sweater and the purchase of the new car constitutes consumption spending and it would be added as part of GDP.
The cash gift and Social Security check are transfer payment s and would not be included as part of GDP
Gross domestic product is the total sum of ultimate goods and services produced in an economy within a given period which is typically a year.
Gross domestic product
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + When the govt spending + Net export After that Net export = exports – imports.
Items not included within the calculation of GDP includes: the services not rendered to oneself activities not reported to the govt.
It's illegal activities and also sale or purchase of used products.
Sale or purchase of intermediate products.
Kerry buys a brand new sweater to wear this winter.
Jasmine buys a brand new car.
The purchase of the sweater and therefore the purchase of the new car constitutes consumption spending and it might be added as a part of GDP.
Therefore, the cash gift and social insurance check are outlays and wouldn't be included as a part of GDP.
Find out more information about GDP here:
brainly.com/question/26376952
