Are the following included in U.S. GDP? Briefly explain why or why not: a. Used cars sold

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Are the following included in U.S. GDP? Briefly explain why or why not:
a. Used cars sold at a used car store
b. Your used car sold at your cousin’s garage sale
c. Wine made in Napa Valley at a vineyard owned by Australians
d. Wine made in Australia at a vineyard owned by Americans
e. The price paid by a French tourist when staying at a San Francisco hotel
f. The price paid by an American tourist staying at a Paris hotel
g. A ticket for a Lakers game
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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