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11 February, 04:30

Rhonda sells a house she has owned for 15 years and starts living in a rented apartment. To make the house more marketable, she buys carpeting that she has professionally installed and buys wallpaper that her daughter hangs. Which items would be included in this year's gross domestic product (GDP) ?

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  1. 11 February, 06:20
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    The Items included in GDP calculus must be:

    The buy of the carpeting that has professionally installed

    The buy of the wallpaper, but not the labor of installing if, it was unpaid.

    Explanation:

    Unpaid work is not included in the calculus of GDP.
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