Identify each of the following as either included or not included in GDP. Make sure to give

Question:

Identify each of the following as either included or not included in GDP. Make sure to give an explanation for those that you judge as not included. In addition, state whether each included item is consumption, investment, government expenditure, or net exports.
a. The purchase of copy paper by Intel, which is used by the company staff.
b. The purchase of an electronic handheld organizer by a sales manager to keep track of clients.
c. The purchase of a new aircraft carrier by the Navy.
d. An increase in Dell's inventory of unsold personal computers.
e. A family eating dinner at Taco Bell.
f. The salary of the President of the United States.
g. A Mom baking a birthday cake for her 8 year-old daughter.
h. The sale of a used computer.
i. Your donation of a used computer to a local elementary school.
j. The purchase by a German resident in Germany of an American-made ceiling fan produced in the United States.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

Question Posted: