Problem: Gross domestic product (GDP) can be measured using either the expenditures approach or the income approach. For each transaction listed in Column A, select from the option list in Column B whether the transaction will be included or excluded in the determination of GDP using the expenditures approach. Column A Column B Transactions Include or Exclude 1. Purchase of newly constructed homes 2. Payments to social security recipients 3. Payments for doctors' fees 4. Purchases of new nondurable goods 5. Purchase of common stock as investments 6. Purchases of finished goods inventory by businesses 7. Purchases of U.S.-made goods by foreign customers 8. Purchases by local governments 9. Purchases of used automobiles 10. Purchases of materials for do-it-yourself projects