An Iowan receives a Social Security check for $500,which he uses to purchase a $480 television made in Japan by a Japanese firm and a $20 dinner at a local restaurant.As a result,U.S.GDP

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U.S. GDP increases by $20 because the dinner at the local restaurant is a domestic service, contributing to the GDP. The television purchase does not affect U.S. GDP as it is an import.

An Iowan Receives a Social Security Check for $500,which He