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Week 8 Tabitha Bailey-Switzer, GDP, CPI, A…
Week 8 Tabitha Bailey-Switzer
GDP
INCLUDED
NOT INCLUDED
CPI
NOT INCLUDED
INCLUDED
A visit to the doctor
Selling textbooks back to the textbook broker
Purchasing appliances
Buying furniture
Purchasing a home
Purchasing food
Purchasing gasoline
Banking at a local bank
Purchasing a new car
Purchase of an insurance policy
Bonds
Real Estate
Social Security
Illegal sell of drugs
"Under the table" payments for labor
second hand sales (Goodwill, Plato's Closet, etc.)
Yard sales
Bake Sales
Stocks
Flea Markets
Product substitution
The introduction of new goods
Unmeasured quality change
Does not represent every household.(not every household is the same)
Online stores
Food
Clothing
Toilet paper
Shampoo and Conditioner
Other hygiene products