Calculate How Much GDP Would Change as a Result of Each

question 63

Essay

Calculate how much GDP would change as a result of each of the following transactions:
(a)The government purchases an airplane for $6 million.
(b)A citizen sells a used car for $6,000.
(c)A citizen sells a used car to a dealer for $6,000,who resells it to a consumer for $7,500.
(d)A citizen sells a bond for $1,000 that they bought last year for $600.
(e)The government issues a welfare cheque for $1,250 (ignore the administrative costs of issuing the check).

---

Definitions:

Transverse Diameter

The measurement across the widest part of a structure or organ, perpendicular to its longitudinal axis.

Pigeon Chest

A condition characterized by a protrusion of the sternum and ribs, giving the chest a bird-like appearance, formally known as pectus carinatum.

Lung Assessment

The evaluation of lung sounds, function, and overall respiratory health.

Pneumonia

An inflammatory condition of the lung primarily affecting the small air sacs known as alveoli, usually caused by infection.