11. Which of the following are included and which are excluded in calculating GDP? Included
or
Excluded
A monthly check received by an economics student who has
been granted a government scholarship.
A farmer's purchase of a new tractor.
A plumber's purchase of a two-year-old truck.
Cashing a U. S. government bond.
The services of a mechanic in fixing the radiator on his own
car.
A Social Security check from the government tc-a retired
store clerk
The government's purchase of a new submarine for the Navy.
12 Is It Counted and Where? -For each of the following items write one of the following