ECON 2 · Peer Review

A student pays tuition to attend a public university.

A bakery purchases flour and sugar to produce cakes sold to customers.

Households deposit funds into savings accounts at commercial banks.

A homeowner pays a contractor $30,000 to renovate their kitchen.

A collector sells a rare painting to another private collector at an art auction.

A company licenses a machine-learning model to enhance internal forecasting accuracy without selling any additional goods or services.

A country’s gold reserves double in value after the price of gold increases.

A retailer’s unsold inventory of goods increases by $200,000 over the year.

A company sells $20 million of machinery to a buyer in another country.

A person is paid $500 in cash for landscaping work that goes unreported to tax authorities.

Q2 · Which activities contribute directly to GDP?