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Determine Whether Each of the Following Would Be Included in GDP

question 153

Essay

Determine whether each of the following would be included in GDP, and explain why or why not.
(A) Yau buy aused car from a frend.
(B) Yau buy a used car at the local dealership.
(C) Yau are an at-home parent and spend you day cleaning house, codking menls, ant caring for the childen.
(D) Yau hire anany to clean yau house, cook your meals, and care far your children.


Definitions:

Enzyme Molecule

A biological catalyst that speeds up the rate of chemical reactions in cells without being consumed in the process.

Substrate

A substance on which an enzyme acts; a reactant in an

Energy of Activation

The minimum amount of energy required to start a chemical reaction, often lowered by the presence of a catalyst.

Existing Bonds

Bonds that have already been issued and are currently traded in the bond market.

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