The question is in the image. For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M$25.00 for a new hat$1,000,000 for a new Army base$800.00 fora new copy machine for your business$300.00 for used textbooks for collegeNot includcd in GDPTaco Bell builds a new restaurant for $20,000$5,000 profit from selling stockNot included in CDP$18,000 car made in US, and sold to ChinaNot includod in CDP$7,000 for new office makeover in the White House$8.000 for land to build a houseX-M

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For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M $25.00 for a new hat $1,000,000 for a new Army base $800.00 for a new copy machine for your business

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 28P: Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100...

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The question is in the image.

For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M
$25.00 for a new hat
$1,000,000 for a new Army base
$800.00 fora new copy machine for your business
$300.00 for used textbooks for college
Not includcd in GDP
Taco Bell builds a new restaurant for $20,000
$5,000 profit from selling stock
Not included in CDP
$18,000 car made in US, and sold to China
Not includod in CDP
$7,000 for new office makeover in the White House
$8.000 for land to build a house
X-M

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