Question

Can these activities be considered part of GDP? please give your reasons

1.Mrs Brown daily picks flowers in her garden

2.John sells fruits in the market in town

3.Two were in the hospital and treated in their local hospital

4.Pensioners do community work for free

5.A garage buys spare tyres to sell them to the customers next year

6.If a jamaican citizen works temporarily in St.Lucia

7.A barbadian owns a firm in Haiti

Answer 1

1.Mrs Brown daily picks flowers in her garden : Not a part of GDP . Household work or non-market transaction .

2.John sells fruits in the market in town : Yes part of GDP . Final good ( fruits produced and sold )

3.Two were in the hospital and treated in their local hospital : Yes part of GDP . Medical servies .

4.Pensioners do community work for free : Not a part of GDP . Now new goods and services produced and no transaction .

5.A garage buys spare tyres to sell them to the customers next year : Yes a part of GDP . Inventories are part of GDP , the tyres are produced this year .

6.If a jamaican citizen works temporarily in St.Lucia : Not a part of GDP . Overseas production is not counted .

7.A barbadian owns a firm in Haiti : Not a part of GDP . Overseas ownership .