Recall the definition of GDP. Determine whether the following items are included in this year’s GDP, and briefly explain why. The baker purchases…

Recall the definition of GDP. Determine whether the following items are included in this year’s GDP, and briefly explain why.
The baker purchases flours from the miller for $300 to make bread. (5 points)
A man collects social security. (5 points)
You are informed that you have won $3,000,000 in the New Jersy state lottery, to be paid
to you in total immediately (5 points)
Hertz, the car rental company, replaces its cars by buying $100,000,000 worth of the new cars from General motors. It sells its old cars for used-car dealers for $40,000,000. The consortium resells the used cars to the public for a total of $60,000,000.