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What is included in GDP? What is not? C+I+G+(X-M) $10.00 for movie tickets $5M Increase in defense expenditures $45 for used economics textbook Ford makes

What is included in GDP? What is not? C+I+G+(X-M)

  1. $10.00 for movie tickets

  1. $5M Increase in defense expenditures

  1. $45 for used economics textbook

  1. Ford makes new $2M factory

  1. $20K Toyota made in Mexico

  1. $10K Profit from selling stocks

  1. $15K car made in U.S. sold in Canada

  1. $10K Tuition to attend college

  1. $120 Social Security payment to Bob

  1. Farmer purchases new $100K tractor

Calculate Nominal GDP from the situation above.

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