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principles of economics exam 2 Guaranteed Pass: Verified Study Materials for All Testing Exams
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---8May 20242023/2024A
- -Financial transactions such as trading of stocks and bonds 
-Government transfer payments 
-leisure time 
government transfer payments 
a payment to a person that is not for goods and services currently supplied such as 
social secrutiy 
GDP and Bads 
GDP counts the goods and services, but it does not net out the air and water pollution 
Why aren't stock purchases and sales counted in GDP? 
GDP is a measure of production in a country. When stocks are purchased and sold, no 
production occurs 
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Thompson12