1.6. Are the following included in U.S. GDP? Briefly explain why or why not: a. Used textbooks...

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1.6. Are the following included in U.S. GDP?

Briefly explain why or why not:

a. Used textbooks sold at your college bookstore

b. Used books sold at a garage sale

c. Cars made in the United States at a Toyota factory

d. Cars made in Germany at a General Motors factory

e. The price paid by a German tourist when staying at a New York City hotel f.

The price paid by an American tourist staying at a Berlin hotel g. A ticket for a Yankees game

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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