Explain whether or not each of the following transactions should be included in GDP: (a) Sale of 12 bottles of Chilean wine by a Brazilian tourist in a duty-free store at Santiago International Airport. (b) Sale of a new residential building constructed on site of a group of houses that were demolished. (c) Sale of a PlayStation online game.

Explain whether or not each of the following transactions should be included in GDP: (a) Sale of 12 bottles of Chilean wine by a Brazilian tourist in a duty-free store at Santiago International Airport. (b) Sale of a new residential building constructed on site of a group of houses that were demolished. (c) Sale of a PlayStation online game.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 2E

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