3. Categories of expenditures Andrew and Beth Vaughn live in Conshohocken, PA. Beth's father, Darnell, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Andrew and Beth's house. Beth buys a new BMW, which was assembled in Germany. Andrew's employer upgrades all of its computer systems using U.S.-made parts. Beth gets a new video camera made in the United States. с I G X M O D A
3. Categories of expenditures Andrew and Beth Vaughn live in Conshohocken, PA. Beth's father, Darnell, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Andrew and Beth's house. Beth buys a new BMW, which was assembled in Germany. Andrew's employer upgrades all of its computer systems using U.S.-made parts. Beth gets a new video camera made in the United States. с I G X M O D A
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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