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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text: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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