Question

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

Answer 1

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

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.