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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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 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
Transcribed Image Text: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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