GDP and the Measurement of Progress: End of Chapter Problem Are these transactions included in U.S. GDP? Place each transaction according to whether or not it is included in U.S. GDP. Included in U.S. GDP Wine made at an American-owned vineyard in Australia A French tourist stays in San Francisco hotel A ticket to a Lakers game Answer Bank Not included in U.S.GDP Used cars sold at a used car store The used car you sold to your cousin Wine made at an Australian-owned vineyard in Napa Valley An American tourist stays in Paris hotel

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
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Incorrect
GDP and the Measurement of Progress: End of Chapter Problem
Are these transactions included in U.S. GDP? Place cach transaction according to whether or not it is included in U.S. GDP.
Included in U.S. GDP
Wine made at an American-owned vineyard in Australia
A French tourist stays in San Francisco hotel
A ticket to a Lakers game
Resources
Answer Bank
Not included in U.S.GDP
Used cars sold at a used car store
The used car you sold to your cousin
Wine made at an Australian-owned vineyard in Napa Valley
Ex Give Up?
An American tourist stays in Paris hotel
Transcribed Image Text:Incorrect GDP and the Measurement of Progress: End of Chapter Problem Are these transactions included in U.S. GDP? Place cach transaction according to whether or not it is included in U.S. GDP. Included in U.S. GDP Wine made at an American-owned vineyard in Australia A French tourist stays in San Francisco hotel A ticket to a Lakers game Resources Answer Bank Not included in U.S.GDP Used cars sold at a used car store The used car you sold to your cousin Wine made at an Australian-owned vineyard in Napa Valley Ex Give Up? An American tourist stays in Paris hotel
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