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9. Read each phrase and write impacts GDP or does not impact GDP in the table below

Products, Goods, and Services
Impacting or Not Impacting
Impacting
Not Impacting
I
Buying a new car
Childcare provided by
grandparent for free
A greater variety of cheese
in the grocery store
New homes being built
Selling of used homes
Purchase of new jets
A fast-food employee income​

1 Answer

5 votes

Answer:

Buying a new car - Impacting

Childcare provided by grandparent for free - Not impacting

A greater variety of cheese in the grocery store - Impacting

New homes being built - Impacting

Selling of used homes - Impacting

Purchase of new jets - Impacting

A fast-food employee income​ - Impacting

Step-by-step explanation:

Gross domestic product (GDP) is defined as a monetary measure of the market value that includes all products and services in a specific time period.

Buying a new car - it will impact GDP of the country because it increases the monetary value of the economy.

Childcare provided by grandparent for free -It is not impacting GDP because it has no monetary value.

A greater variety of cheese in the grocery store - impacting because more variety in products means more demand and more selling of cheese.

New homes being built

- Impacting because it affect the standard of living of a country.

Selling of used homes

- Impacting because it has monetary benefits or loss.

Purchase of new jets - Impacting because it also has monetary benefits or loss.

A fast-food employee income​ - Impacting because employee's income decides his/her standard of living and his/her contribution in the countries economy.

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