3. Determine if the following would be included (I) or excluded (E) from the calculation of GDP.(a) The cashing in of a U.S. savings bond(b) The purchase of a new truck by a trucking company(c) Government purchase of missiles from a private business(d) An increase in business inventories(e) The income of a tax accountant working for a business(f) Income received from interest on a corporate bond(g) Business expenditures on pollution control equipment(h) Dr. Jung grows tomatoes in his backyard for home consumptionCashing a savings bond is a financial transaction)

Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

3. Determine if the following would be included (I) or excluded (E) from the calculation of GDP. (a) The cashing in of a U.S. savings bond (b) The purchase of a new truck by a trucking company. (c) Government purchase of missiles from a private business (Cashing a savings bond is a financial transaction)