Transactions be included in GDP

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Reference no: EM131079700

Will each of the following transactions be included in GDP for the United States? Explain why or why not

a. A farmer's purchase of a new tractor.

b. A plumbers purchase of a two-year-old used truck.

c. The services of a mechanic in fixing the radiator of his own car.

d. An increase in business inventories.

e. A Social Security check from the government to a retired store clerk.

Reference no: EM131079700

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