Question: What counts as GDP (II)? By how much does GDP rise in each of the following scenarios? Explain.
(a) A computer company buys parts from a local distributor for $1 million, assembles the parts, and sells the resulting computers for $2 million.
(b) A real estate agent sells a house for $200,000 that the previous owners had bought 10 years earlier for $100,000. The agent earns a commission of $6,000.
(c) During a recession, the government raises unemployment benefits by $100 million.
(d) A new U.S. airline purchases and imports $50 million worth of airplanes from the European company Airbus.
(e) A new European airline purchases $50 million worth of airplanes from the American company Boeing.
(f) A store buys $100,000 of chocolate from Belgium and sells it to consumers in the United States for $125,000.