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Tina walks into Ted’s sporting goods store and buys a punching bag for $100 dollars. That

Tina walks into Ted’s sporting goods store and buys a punching bag for $100 dollars. That

 Tina walks into Ted’s sporting goods store and buys a punching bag for $100 dollars. That $100 payment counts as ________________ for Tina and _______________ for Ted.

a. Income; Expenditure.

b. Value added; Multiple Counting.

c. Expenditure; Income.

d. Rents; Profits.

2. Which of the following transactions would count in GDP?

Select one or more of the answers from the choices shown.

a. Kerry buys a new sweater to wear this winter.

b. Patricia receives a Social Security check.

c. Roberto gives his daughter $50 for her birthday.

d. Latika sells $1,000 of Google stock.

e. Karen buys a new car.

f. Amy buys a used car.

 

Abhinav 05-Dec-2019

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