Answer:
Items included in GDP
Judy's purchase of potatoes
The purchase of the two fighter jets
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Judy's purchase would be included as part of consumption spending by households on non durable items.
The purchase of the tires would not be included in the calculation of GDP because the tires are intermediate goods. Only final goods are included in the purchase of GDP
The purchase of the two fighter jets would be included in GDP as part of government spending
the $100 gift would not be included in the calculation of GDP
