A patient receives treatment for a broken leg is included in the calculation of GDP.
Explanation:
GDP includes the value of final goods and services, here the patient receives the final service from the doctor and the value of this service will be included in the calculation of real GDP.
Ans is B)
Which of the following is included in the calculation of GDP? A) Somebody picks flowers from...
1. Which of the following events/activities would be included in this year’s GDP? If it does, explain briefly where it shows up. (a) You buy a U.S. treasury bond. (b) You prune trees in your backyard. (c) You volunteer 10 hours a week of your time to work for senior citizens. (d) A bartender receives a cash tip for his services. (e) Your grandmother buys you a card for your birthday from her social security income. (f) Your non–American instructor...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....