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The U.S. government purchases a new fleet of fighter jets from a French manufacturer for $500 million. Based on the expenditure approach to calculating Gross Domestic Product (GDP), what is the net effect of this single transaction on U.S. GDP?
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The U.S. government purchases a new fleet of fighter jets from a French manufacturer for $500 million. Based on the expenditure approach to calculating Gross Domestic Product (GDP), what is the net effect of this single transaction on U.S. GDP?