Macroeconomics 10th Edition by Roger Arnold

Exercise 3

Which of the following are included in the calculation of this year's GDP? (a) 12-year-old Johnny mowing his family's lawn; (b) Dave Malone buying a used car; (c) Barbara Wilson buying a bond issued by General Motors; (d) Ed Ferguson's receipt of a Social Security payment; (e) the illegal drug transaction at the corner of Elm and Fifth.