Which of the following items are or are not included in this year’s GDP? Why?

a) That 1966 vintage Mustang that your parents bought for you as a graduation present

b) The iPhone you just purchased from the local electronics store

c) The hops that are sold to the local microbrewery

d) The payment to the plumber who just fixed your leaky pipes

e) Your professor’s salary

f) The Social Security check your grandparents receive g) The $1,000 you won in a recent poker game at a friend’s house h) Increases in the sale of existing homes because mortgage rates are at historic lows