1. Spending - Included in the U.S. GDP for 2020, or not included ? If so, under which expenditure category (C, I, G, X etc,?) If not, why not? A.You buy a $20,000 new Toyota made in San Antonio. ____________________ B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________ C. Kendrick Jones, of Alberta, Canada,goes to Toronto Autos to buy a $20,000 new Toyota made in San Antonio_______________
1. Spending - Included in the U.S.
If so, under which expenditure category (C, I, G, X etc,?) If not, why not?
A.You buy a $20,000 new Toyota made in San Antonio. ____________________
B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________
C. Kendrick Jones, of Alberta, Canada,goes to Toronto Autos to buy a $20,000 new Toyota made in San Antonio_______________
D. You buy $20,000 in General Motors Corporation stock ___________________
E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________
F, You buy your neighbor’s used fence for $1,000. _________________________
H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________
I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________
J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________
2. Explain why the Government Spending (G) component of GDP falls short of (is smaller in size than) actual (total) government outlays or expenditures.
3. If
Depreciation = $479- Gross private domestic Investment (I) = $516
- Government spending = $924
- Imports = $447
- Personal Consumption Expenditures = $2,966
- Exports = $427
a. How big is the GDP?
b. How big is
Gross domestic product (GDP) is total market value of all finished goods and services produced within a country's borders in a specific time period.
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