Decide whether each of the following transactions is included in GDP. If the transaction is included, determine which component of final spending it represents. If the transaction is excluded from GDP, explain why.
(a) Your local ice cream maker buys peaches to make peach ice cream.
(b) Your local ice cream maker buys a new and improved ice cream maker.
(c) You buy peach ice cream from your local ice cream maker.
(d) Your local ice cream maker sells peach ice cream to a restaurant that serves peach smoothies.
(e) Your cousin in Canada buys peach ice cream from your local ice cream maker.
(f) You buy a used book to learn how to make peach ice cream.
(g) You buy peaches to make peach ice cream for yourself.
(h) You buy a new ice cream maker to make peach ice cream for yourself.
(i) You give some of your peach ice cream to your cousin when she visits from Canada.