For each of the following transactions, determine the contribution to the current year's GDP. Explain the effect on the product (as value added) and the expenditure accounts.

a). On January 1, you purchase 30 gallons of gasoline at $3.00 per gallon. The gas station purchased the gasoline the previous week at a whole sale price (transportation included) of $2.50 per gallon.

b). Colonel Hogwash purchases a Civil War-era mansion for $ 900,000. The broker's fee is 9%.

c). A homemaker enters the work force, taking a government job that will pay $65,000 over the year. The homemaker must pay $26,000 over the year for professional child care service.

d). Hertz Rent-a-Car replaces it rental fleet by buying $90,000,000 worth of new cars from General Motors. It sells its old fleet to a consortium of used car dealers for $40,000,000. The consortium resells the used cars to the public for a total of $55,000,000.

e). A Japanese company builds an auto plant in Tennessee for $135,000,000, using only local labor and materials. (Hint: the auto plant is capital goods produced by Americans and purchased by the Japanese).