Question

6 multiple answer 4 points identify the line items that would be included in this years gdp a barbers income from cutting hair an increase in business inventories a farmers purchase of a new tractor from a supply store the services of a mechanic in fixing the radiator on his car a social security check paid by the government to a retired store clerk the governments purchase of a new submarine for the navy a monthly check received by an economics student who has been granted a government scholarship income received from the sale of nike stock the cashing of a us government bond a plumbers purchase of a used truck from his neighbor

Explanation:

GDP (Gross Domestic Product) measures the market value of all final goods and services produced within a country in a given period. Income from productive services like a barber cutting hair, investment - related activities such as an increase in business inventories, purchases of new capital goods like a farmer buying a new tractor, government purchases of new goods like a new submarine for the Navy, and services of a mechanic fixing a car are included as they contribute to current production. Transfer payments like Social Security checks, government scholarships, and financial transactions like selling stocks or cashing bonds, and purchases of used goods like a used truck are not included as they do not represent current production.

Answer:

A. A barber's income from cutting hair
B. An increase in business inventories
C. A farmer's purchase of a new tractor from a supply store
D. The services of a mechanic in fixing the radiator on his car
F. The government's purchase of a new submarine for the Navy