3. Categories of expendituresJake and Latasha Lane live in Swarthmore, PA. Latasha's father, Nick, 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 (I), government purchases (G), exports (EX), or imports (IM). (Hint: Check all that apply.)TransactionLatasha gets a new refrigerator made in the United States.Jake buys a bottle of Italian wine.Jake's employer upgrades all of its computer systems using U.S.-made parts.Nick in Sweden orders a bottle of Vermont maple syrup from the producer's website.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.IGEXIM

Based on the image, you are working on identifying how specific transactions contribute to the…

Answered: 3. Categories of expenditures Jake and…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 7SQP

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Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment is 50 billion, imports are 40 billion, and consumption spending is 2,000 billion. What is the dollar value of GDP?
3. Categories of expenditures Sam and Teresa Dhupia live in Swarthmore, PA. Their son, Andrew, owns his own plumbing business. 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 (I), government purchases (G), exports (EX), or imports (IM). (Hint: Check all that apply.) Transaction Sam buys a sweater made in Guatemala. Sam's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Teresa gets a new video camera made in the United States. Andrew buys a new set of tools to use in his plumbing business. с 0 0 I ■ 0 0 0 G 0 EX r L 0 0 0 IM O 0 0
3. Categories of expenditures Dmitri and Frances Doherty live in Conshohocken, PA. Their son, Jake, owns his own plumbing business. 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 Dmitri's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway: 23, which feeds into the center of Conshohocken, Frances gets a new video camera made in the United States. Dmitri buys a sweater made in Guatemala. Jake buys a new set of tools to use in his plumbing business. с 00 I O O G O X 0 M O O 0 000 00 000 000
3. Categories of expenditures Darnell and Eleanor Cohen live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Darnell buys a sweater made in Guatemala. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a new video camera made in the United States. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. Jacques buys a new set of tools to use in his plumbing business. с □ I □ G □ X □ M □ □
3. Categories of expenditures Darnell and Eleanor Cole live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Darnell and Eleanor's house. Eleanor buys a new BMW, which was assembled in Germany. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a haircut. Jacques buys a new set of tools to use in his plumbing business. с O I O G X M O O
3. Categories of expenditures Tim and Alyssa Espinosa live in Swarthmore, PA. Their son, Brian, owns his own plumbing business. 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction G M Brian buys a new set of tools to use in his plumbing business. Tim buys a sweater made in Guatemala. Alyssa gets a new video camera made in the United States. Tim's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - O O O U O o O
Please give a detailed solution with an explanation.
3. Categories of expenditures Shen and Valerie Ferrari live in Swarthmore, PA. Valerie's father, Antonio, 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Shen's employer upgrades all of its computer systems using U.S.-made parts. Valerie gets a new video camera made in the United States. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Valerie's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Shen buys a bottle of Italian wine. OOOoo 0 I 00000 G 00 000 X 00000 M OC 0 0 0 0
3. Categories of expenditures Jacques and Kyoko Lalime live in Swarthmore, PA. Kyoko's father, Musashi, 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. G M Transaction Kyoko'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 Jacques and Kyoko's house. Jacques's employer upgrades all of its computer systems using U.S.-made parts. Kyoko gets a new video camera made in the United States. Kyoko buys a new BMW, which was assembled in Germany.
Ans 2
3. Categories of expenditures Paolo and Sharon Zambetti live in Conshohocken, PA. Sharon's father, Van, lives in Sweden. X 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Sharon's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Paolo's employer upgrades all of its computer systems using U.S.-made parts. Sharon gets a new refrigerator made in the United States. Paolo buys a sweater made in Guatemala. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. C I ☐ 0 G ☐ 0 О 0 ☐ 010 ΣΟ Ο ☐ 0 ☐ 0
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