Which of the following transactions or activities would be counted in your country’s GDP? Explain your answers.

a. A transportation company acquires a fleet of second-hand vehicles.

b. The same transportation company acquires 1,000 gallons of gas from a foreign company.

c. You buy 10 short-term government bonds.

d. A mining company acquires new government licenses to drill in the land that the company already owns.

e. You pay for a new haircut at your local hairdresser.

f. Foreign residents buy a bundle of your country’s food specialties on an online retail site.

g. Your parents spend a whole day cooking for the underprivileged.

h. The local government acquires furniture for newly built schools.

i. Two telecommunications companies merge.

j. A nonprofit organization buys an apartment to use as its headquarters.

k. You receive a large sum of money as bequest from a dead relative.