Question: Question 5 (25 points) How is the following scenario counted for the purposes of determining GDP? The State of Alabama buys farmland for a new

Question 5 (25 points) How is the following scenario counted for the purposes of determining GDP? The State of Alabama buys farmland for a new highway from the Smith family. (a) The item is counted in determining GDP because of spending by "C" (b) The item is counted in determining GDP because of spending by "I" (c) The item is counted in determining GDP because of spending by "G" d) The item is NOT counted in determining GDP Question 6 (25 points)

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