Which of the following are included and which are excluded, Ask an Expert

Economics

Which of the following are included and which are excluded in calculating this year's GDP? describe clearly in each instance.

(a) A monthly scholarship cheque received by an economics student.
(b) The purchase of a new heavy duty crane by a construction company.
(c) The purchase of a used tractor by a farmer.
(d) The cashing in of a savings bond.
(e) Government purchase of missiles.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M960954

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