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For each of the following activities, please state "yes" if this activity should be included in the year 20016 Gross Domestic Product for the United States or "no" if this activity should not be included in the year 20016 Gross Domestic Product for the United States. For each of your answers please explain why you said "yes" or why you said "no".

(a) The $3,000 Jim, living in Nevada, paid for a Ford Escort in 2016 that was made in the USA in 2015.

(b) The new car built in 2016 by Toyota in its Mexico plant and sold in the USA in the same year.

(d) The $50 Mary, working in Texas, received in 2016 for typing a college student's term paper.

(e) The $50,000 Jon, living in New York, spent on 1 acre of land in California in 2016.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720472

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