ECON 100 Goods and Services Question

St. Charles Community College 
ECON 100   Survey Economics 
Hand-Out Question

Should each of the following enter into a measure of “the market value  of all currently produced final goods and services”?

1. the purchase of a new Ford Mustang convertible by Bobby Joe.

     (Y)  (N)   Why?

2. the gift of the same Mustang convertible from Bobby Joe to Betty Sue.

      (Y)  (N)   Why?

3. the purchase of the same Mustang convertible by “Speedy”  Gonzales at a  back alley sale.

      (Y)  (N)   Why?

4. the purchase of a new Chevy van by the CIA.

      (Y)  (N)   Why?

5. the services of a driver for the Chevy van hired by the CIA.

      (Y)  (N)   Why?

6. the services of a chauffeur hired by Bobby Joe and Betty Sue on the occasion of their 
      wedding.

      (Y)  (N)   Why?

7. the services of Cousin Billy Bob (amateur driver extraordinaire) to drive them to the bus station after their wedding.

      (Y)  (N)   Why?

8. the production of a Ford Mustang that remains unsold at the factory.

      (Y)  (N)   Why?

9. the purchase of a Japanese pickup truck by Billy Bob.

      (Y)  (N)   Why?

10. the use of welfare money by Jimmy Jack to buy a new Dodge Ram pickup truck.

      (Y)  (N)   Why?

11. the provision of welfare money to Jimmy Jack.

      (Y)  (N)   Why?

12. the use of welfare money to buy a second, but used, Dodge Ram pickup truck.

      (Y)  (N)   Why?

13. the use of welfare money to open a bank account.

      (Y)  (N)   Why?

14. the use of welfare money to buy General Motors stock on the stock exchange.

      (Y)  (N)   Why?

15. the purchase of  a new parts delivery van by the local Pontiac dealer.

      (Y)  (N)   Why?

16. the purchase of a Firebird for display in the local Pontiac dealership.

     (Y)  (N)   Why?

17. the purchase of tires by Bobbie Joe.

     (Y)  (N)   Why?

18. the purchase of a new Mustang convertible by Guillermo Roberto (an Italian tourist).

     (Y)  (N)   Why?

19. the purchase, in Italy, of a new Mustang convertible, by Roberto Joseppi.

      (Y)  (N)   Why?

20. the payment for the services of a automobile repairmen hired by Bobby Joe fails to repair the broken down    Ford Mustang.

      (Y)  (N)   Why?

21. the payment for the services of the wrecker driver who takes the broken Ford Mustang to a city junk yard.

      (Y)  (N)   Why?