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Would the following be counted in GDP? If so, explain how it enters GDP (C, I, G, or (X-M)) and why. If not, explain why
Would the following be counted in GDP? If so, explain how it enters GDP (C, I, G, or (X-M)) and why. If not, explain why not. a. Nabisco's purchase of flour to make cookies. b. Your purchase of flour to make cookies for your study group. c. The Pentagon's purchase of flour to make cookies for soldiers. d. Nabisco's purchase of an oven to bake cookies. e. Your purchase of Hungarian hazelnuts to put in your cookies
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