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23 September, 14:46

Rhonda sells a house she has owned for 15 years. To make it more marketable, she buys carpet and has it professionally installed and buys wallpaper that her daughter hangs. Which items are included in this year's GDP?

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  1. 23 September, 15:08
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    e. the sale price of the wallpaper and carpeting and the installation fee for the carpet

    Explanation:

    As we know that

    GDP refers to the Gross domestic product which deals in market final values of the goods and services produced within the country

    Plus, the

    Gross domestic product is a combination of consumption investment, government purchase and the net exports

    GDP = Consumption + Investment + Government purchase + Net exports

    where,

    Net exports is export minus import

    So, in the given situation, the sale price of carpeting, wallpaper and the carpet installation fee is included
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Home » Business » Rhonda sells a house she has owned for 15 years. To make it more marketable, she buys carpet and has it professionally installed and buys wallpaper that her daughter hangs. Which items are included in this year's GDP?
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