1. Briefly explain whether you agree with the following statement: \"In the years when people buy many shares of stock, investment must be high and, therefore, so will GDP\". 2. The government purchases component of GDP does not include spending on transfer payments such as Social Security. Thinking about the definition of GDP, explain why transfer payments are excluded. 3. \"GDP in 2003 was $10.4 trillion. This value is a large number. Therefore. economic growth must have been high during 2003; 4. Tina walks into Ted's sporting goods store and buys a punching bag for $100. That $100 payment counts as for Tina and for Ted. a} Income; expenditure. 1]} Value added; multiple counting. e) Exp enditure; income d) rent: prots