Question

which of these count as part of this years gdp, assuming they all took place this year? select all that apply.
□ the time you spend installing the new battery.
□ purchase of a new battery.
□ paying a mechanic to install a new transmission.
□ purchase of door from a similar car at the junk yard.

Explanation:

GDP (Gross Domestic Product) measures the market - value of all final goods and services produced within a country in a given period. Purchasing a new battery is a final - good purchase. Paying a mechanic for installing a new transmission is a service purchase. Both contribute to GDP. Buying a door from a junk yard is a second - hand purchase and does not count towards GDP as it was already counted in the GDP of the year it was originally produced. The time spent installing the battery is not a market - based activity and does not contribute to GDP.

Answer:

Purchasing a new battery.
Paying a mechanic to install a new transmission.