Which of the following are included in US GDP. Be sure to identify which component? For those items not included, explain why they are not included in GDP.
a. Jane buys newly issued shares of stock in XYZ Company, Inc. stock not counted
b. Joey has his beard trimmed in a hair salon in New York.
c. Rachel buys an antique chest at a antique shop. wouldn't count because its old
d. Sam fixes his neighbor's car in exchange for a basket of muffins. not spending any money
e. Monica buys tomatoes to use in the pasta sauce she sells at farmers' markets.
f. Cars are produced by General Motors in Mexico not made in the US g. Jonas receives a $2000 check for working as a firefighter

Q&A Education