Indicate whether each of the following transactions is included or not included in the GDP of the United States. a. A textbook is purchased by a student in New Jersey in yesterday. The book was made Hawaii just last week. b. Forty pounds of apples grown by a Washington farmer and traded this morning to his neighbor for ten pounds of honey. c. A hundred dollars paid to you for babysitting last night at a home near the university. The $100 was in cash with no records kept, i.e., under the table. d. The $90 purchase of materials by you made today at the Home Depot in Springfield. You plan to build a doghouse in your backyard yourself. The doghouse is for your dog. e. A fighter jet produced in Texas last month and sold this morning to Saudi Arabia. f. Eight tons of coal mined in West Virginia last month was sold today to a power plant in Tennessee. The power plant immediately started using the coat to generate power for over 30,000 homes and businesses in the Nashville area. g. Tom retired and cashed in an annuity he owned for $100,000. He plans to put the the $100,000 into a CD or possibly purchase government bonds. h. Jane just received a child support payment of $1,000 from her ex-husband. i. Disney Corporation just received a payment of $200,000 for last month's profits at Euro Disney.
Indicate whether each of the following transactions is included or not included in the GDP of the United States. a. A textbook is purchased by a student in New Jersey in yesterday. The book was made Hawaii just last week. b. Forty pounds of apples grown by a Washington farmer and traded this morning to his neighbor for ten pounds of honey. c. A hundred dollars paid to you for babysitting last night at a home near the university. The $100 was in cash with no records kept, i.e., under the table. d. The $90 purchase of materials by you made today at the Home Depot in Springfield. You plan to build a doghouse in your backyard yourself. The doghouse is for your dog. e. A fighter jet produced in Texas last month and sold this morning to Saudi Arabia. f. Eight tons of coal mined in West Virginia last month was sold today to a power plant in Tennessee. The power plant immediately started using the coat to generate power for over 30,000 homes and businesses in the Nashville area. g. Tom retired and cashed in an annuity he owned for $100,000. He plans to put the the $100,000 into a CD or possibly purchase government bonds. h. Jane just received a child support payment of $1,000 from her ex-husband. i. Disney Corporation just received a payment of $200,000 for last month's profits at Euro Disney.
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 4QP
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Transcribed Image Text:Indicate whether each of the following transactions is included or not included in the GDP of the United States.
a. A textbook is purchased by a student in New Jersey in yesterday. The book was made
Hawaii just last week.
b. Forty pounds of apples grown by a Washington farmer and traded this morning
to his neighbor for ten pounds of honey.
c. A hundred dollars paid to you for babysitting last night at a home near the university.
The $100 was in cash with no records kept, i.e., under the table.
d. The $90 purchase of materials by you made today at the Home Depot in Springfield.
You plan to build a doghouse in your backyard yourself. The doghouse is
for your dog.
e. A fighter jet produced in Texas last month and sold this morning to Saudi Arabia.
f. Eight tons of coal mined in West Virginia last month was sold today to a power plant
in Tennessee. The power plant immediately started using the coat to generate power
for over 30,000 homes and businesses in the Nashville area.
g. Tom retired and cashed in an annuity he owned for $100,000. He plans to put the
the $100,000 into a CD or possibly purchase government bonds.
h. Jane just received a child support payment of $1,000 from her ex-husband.
i. Disney Corporation just received a payment of $200,000 for last month's profits
at Euro Disney.
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