Recall the definition of GDP. Determine whether the following items are included in this year’s GDP, and briefly explain why.
The baker purchases flours from the miller for $300 to make bread. (5 points)
A man collects social security. (5 points)
You are informed that you have won $3,000,000 in the New Jersy state lottery, to be paid
to you in total immediately (5 points)
Hertz, the car rental company, replaces its cars by buying $100,000,000 worth of the new cars from General motors. It sells its old cars for used-car dealers for $40,000,000. The consortium resells the used cars to the public for a total of $60,000,000.
"Not answered?"
https://acehomeworktutors.com/wp-content/uploads/2019/12/ace-1.png00Studenthttps://acehomeworktutors.com/wp-content/uploads/2019/12/ace-1.pngStudent2021-12-10 08:06:192021-12-10 08:06:19write my assignment 2217
