Determine Whether Each of the Following Would Be Included in GDP,and

question 52

Essay

Determine whether each of the following would be included in GDP,and explain why or why not.
(A)You buy a used car from a friend.
(B)You buy a used car at the local dealership.
(C)You are an at-home parent and spend your day cleaning house,cooking meals,and caring for the children.
(D)You hire a nanny to clean your house,cook your meals,and care for your children.

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Definitions:

Controlled Observations

Observational research methods where variables are manipulated or controlled in order to investigate their effects on other variables.

Naturalistic Observations

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.

Introspection

The study or monitoring of one's own thoughts and feelings.

Ecological Validity

The extent to which the findings of a study can be applied to and represent real-world settings and behaviors outside the context of the study itself.