1. Identify whether the following items are officially included in 2019 GDP or Not. Give specific reasons if they are not included in GDP. a. You purchased a home in 2019 that was built in 2015. b. Firestone sells $2 million worth of tires to General Motors. c. John makes chain-link belts and necklaces and sells them at a local flea market for cash to avoid paying taxes. d. The value of treasury notes sold by federal government in 2019. e. The profit earned in 2019 from selling a stock that you purchased in 2010. f. The value of a motor that is used in the production of a lawn mower in 2019. g. The value of a motorcycle produced in the United States in 2019 and exported to Japan. h. The value of a laser printer manufactured in 2019 but not sold in 2019.
1. Identify whether the following items are officially included in 2019
a. You purchased a home in 2019 that was built in 2015.
b. Firestone sells $2 million worth of tires to General Motors.
c. John makes chain-link belts and necklaces and sells them at a local flea market for cash to avoid paying taxes.
d. The value of treasury notes sold by federal government in 2019.
e. The profit earned in 2019 from selling a stock that you purchased in 2010.
f. The value of a motor that is used in the production of a lawn mower in 2019.
g. The value of a motorcycle produced in the United States in 2019 and exported to Japan.
h. The value of a laser printer manufactured in 2019 but not sold in 2019.
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