3. Problems and Applications Q1 Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction You buy a new Toshiba computer. Texas hires public middle school teachers. Aunt Jane buys a new house from a local builder. Uncle Paul pays a domestic contractor for renovating his home. The Jackson family buys an old Victorian house from the Walker family. Ford manufactures a Focus and sells it to Avis, the car rental company. You pay a domestic plumber for fixing a leak in your bathroom. Ford sells a Mustang from its inventory to the Martinez family. Consumption E 0 O M O Investment Government Purchases O 000 O 00 Net Exports

3. Problems and Applications Q1 Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction You buy a new Toshiba computer. Texas hires public middle school teachers. Aunt Jane buys a new house from a local builder. Uncle Paul pays a domestic contractor for renovating his home. The Jackson family buys an old Victorian house from the Walker family. Ford manufactures a Focus and sells it to Avis, the car rental company. You pay a domestic plumber for fixing a leak in your bathroom. Ford sells a Mustang from its inventory to the Martinez family. Consumption E 0 O M O Investment Government Purchases O 000 O 00 Net Exports

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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