Problem 1: Which of the following transactions would not be counted in GDP? Explain your answers.
1) American airlines merges with US Airways
2) Walmart's inventory decreases.
3) You buy 5 quarts of oil and change the oil in your car.
4) You make $200 from a garage sale
5) Subway buys cheese to make subs
6) You buy a new textbook
7) The government pays Medicare benefits.
8) Federal governemetn icreases the budget of Homeland Security
9) You buy a used car.
10) California legalizes medical marijuana.