Business, 29.03.2021 21:40 joyelewis58

Determine whether each of the following examples would be included in Gross Domestic Product (GDP). a. When Judy went to the grocery store yesterday, she bought three pounds of potatoes. Judy's purchase of potatoes would be included in GDP as a consumption expenditure . b. Ford Motor Company buys four tires to put on a new Ford Mustang. The purchase of the tires would be included in GDP as an investment expenditure . c. The U. S. Air Force purchases two new fighter jets from Boeing. The purchase of the two fighter jets would be included in GDP as a government purchase . d. When Joey had his birthday last week, his grandmother sent him a $100 bill that he could spend. Joey's birthday gift of $100 would not be included in GDP .

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Determine whether each of the following examples would be included in Gross Domestic Product (GDP)....