Final answer:
Disposal is not a component of total cost in the acquisition phase; it relates to the end of a product's lifecycle. In terms of GDP, costs of hospital stays, child care at licensed centers, and new car sales are included. The rise in life expectancy, unpaid childcare by a grandmother, used car sales, and variety of cheeses are not included in GDP calculations.
Step-by-step explanation:
The component not related to the total cost during the acquisition phase is disposal. The acquisition phase typically includes costs related to purchasing an item, such as the price of the item itself, any tariffs/duties that may apply when goods are imported, and any costs associated with the return of parts if there is a defect or issue. Disposal, on the other hand, is related to the end of the product's lifecycle, not the acquisition phase.
Looking at what is included in GDP, it is a measure of a country's economic activity and includes all goods and services produced within the country for a specific period. Here's the breakdown:
- The cost of hospital stays (included) as they are a service provided for a fee.
- The rise in life expectancy over time (not included) since it is not a market transaction.
- Child care provided by a licensed day care center (included) because it is a paid service.
- Child care provided by a grandmother (not included) if unpaid, as it does not involve a market transaction.
- A used car sale (not included) since it does not represent production of a new good.
- A new car sale (included) because it is the sale of a newly manufactured product.
- The greater variety of cheese available in supermarkets (not included) by itself as it does not directly reflect economic transactions, though the sale of cheese is included.
- The iron that goes into the steel that goes into a refrigerator bought by a consumer (included) as part of the refrigerator's final sale, which encompasses all the inputs used in its production.