Which of the following transactions will be included in GDP for the United States?

a. Coca-Cola builds a new bottling plant in the United States.

b, Delta sells one of its existing airplanes to Korean Air.

c. Ms, Moneybags buys an existing share of Disney stock.

d. ACalifornia winery produces a bottle of Chardonnay and sells it to a customer in Montreal, Canada.

e. An American buys a bottle of French perfume in Tulsa. £. A book publisher produces too many copies of a new book; the books don’t sell this year, so the publisher adds the surplus books to inventories.

7 LW Access the Discovering Data exercise for Chapter 22 online to answer the following questions.

a. What was GDP for the United States last year?

b. Calculate the absolute change in U.S. GDP between last year and the year before.

c. Which component of GDP was the largest last year? Which was the smallest?

What is the most recent year in which net exports were positive?

d. What happened to the size of government spending during the 1940s? What factors likely caused the shift?

e. How has each of the four components, as a percent of GDP, changed since the 1940s?