Which are included and excluded in calculating year-s gdp


Which of the following are included and which are excluded in calculating this year's GDP? Explain clearly in each instance.

(a) A monthly scholarship cheque received by an economics student.
(b) The purchase of a new heavy duty crane by a construction company.
(c) The purchase of a used tractor by a farmer.
(d) The cashing in of a savings bond.
(e) Government purchase of missiles.

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Microeconomics: Which are included and excluded in calculating year-s gdp
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