Explain Why the Value of GDP in 2009 Would or Would

question 4

Essay

Explain why the value of GDP in 2009 would or would not change as a result of each transaction described below:
a. In 2009, the Smith family purchases a new house that was built in 2009. b. In 2009, the Jones family purchases a house that was built in 2001.
c. In 2009, a construction company purchases windows to put in the Smith family home that was built in 2009.
d. In 2009, Mr. Jones paints all of the rooms of the Jones family house purchased in 2009.
e. In 2009, Mr. Smith uses an online brokerage service to purchase shares of stock in a construction company.

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Definitions:

Marketing Mix

A framework used by marketers to analyze and implement the four critical aspects of marketing: product, price, place, and promotion.

Generates Revenue

The process of creating income for a business or organization through various activities such as selling goods, services, or other assets.

Target Return Pricing

A pricing strategy businesses use where prices are set based on a targeted return on investment.

Primary Objective

The main goal or purpose that an organization or individual aims to achieve.