Question: State whether each item below would be included or excluded from the measure of GDP and explain why it is included or excluded. (12 points)

  1. State whether each item below would be included or excluded from the measure of GDP and explain why it is included or excluded. (12 points)

a. Taxable income received by a landscaper for doing work on someone else's yard.

  1. Work done by a landscaper on his/her own yard.
  2. The purchase of 1000 shares of corporate stock.
  3. A $5 billion increase in business inventories.

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