or goods Price floors can cause too many resources to be allocated towards the production of goods (1pt) 12. Which of the following should be counted as part of 2016 US GDP? (a) A Honda Civic produced in a US factory in 2015 (b) A tire produced by Goodyear in the US in 20to and sold to General Motors (c) A hamburger made and sold in a Mcdonald's in Canada in 2016 (d) A donut made and sold at a Tim Horton's in the United States in 2016 (1pt) 13. The following are all included in the expenditure equation for GDP except (a) Household expendiutre on new consumption goods ) Private expenditure on new investment goods Government transfers d) Net exports ( 1pt) 74. Suppose that real GDP per capita in Econoland increases at a constant growth rate of 7% per year for the next 20 years. By the end of this time period, GDP per capita will be how approximately how many times larger than at the beginning? (a ) (b ) 00 (d) 32