Which of the following transactions would not be counted in GDP? Explain your answers. a. You buy

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Which of the following transactions would not be counted in GDP? Explain your answers.
a. You buy a new pair of Lucchese Cowboy boots at the Lucchese factory in El Paso, Texas.
b. You buy a vintage pair of Lucchese cowboy boots from a used clothing store in Jackson Hole, Wyoming.

c. You take a day of vacation to work in your yard.

d. A cat burglar sells $50,000 of stolen jewelry to an unscrupulous pawn shop.
e. Amazon.com, Inc. issues new shares of stock to finance a new distribution warehouse.
f. Amazon.com, Inc. builds a new distribution warehouse.

g. Oralia buys 200 ostrich feathers that she uses to embellish the custom hats that she makes and sells.
h. A private company builds a toll road to connect Nashville and Memphis.
i. The government pays out unemployment benefits.
j. AT&T purchases all the assets of DirecTV and takes over the company.
k. You win $100,000 playing a slot machine at a casino in Reno, Nevada.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Dec 27, 2018 06:11 AM

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Which of the following transactions would not be counted in GDP? Explain your answers. a. You buy

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a Counted consumption spending b Not counted used goods c Not counted nonmarket activ...View the full answer

Principles of Macroeconomics

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