Which of the following is counted as part of GDP?

Which of the following is counted as part of GDP? O a bakery buying 100 pounds of cake flour O the purchase of a used Ford by a U.S. citizen O a social security payment received by a retired teacher O none of the aboveWhich of the following is included in government purchases? O Government purchases of investment goods. O Transfer payments. O Government spending on services. O both (a) and (c)Nominal GDP has risen faster than real GDP in the last decade because: O the price level has increased. O the price level has decreased. O the growth rate of productivity has accelerated. O the volume of foreign trade has expanded sharply.If nominal GDP rises: O we can be sure the price level has risen. O real GDP may rise or fall. O real GDP must rise. O real GDP must fall.If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 110, real GDP O rises. O falls. O stays the same. O could either be rising or falling