For each of the following, determine if the item is included in 2011 GDP. Identify the component
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For each of the following, determine if the item is included in 2011 GDP. Identify the component of GDP (C, I, G, X). If the item is not included in GDP, explain why.
a) In May 2011, John purchased a flat of tomato plants from a nursery in his hometown.
b) In July 2011, Alexandra visited Madrid, Spain.
c) During 2011, Annabel took tennis lessons at the local YMCA.
d) In August 2011, Eric purchased lumber for the deck that he is building onto the back of his house.
e) In December 2011, Miki bought an antique table from her sister.
f) Following a large lottery win, Wallie purchased 500 shares of Walmart stock.
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Related Book For
Principles Of Macroeconomics The Way We Live
ISBN: 978-1429220200
1st Edition
Authors: Susan Feigenbaum ,R. W. Hafer
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