Answer which category that transaction contributes to in the calculation of GDP of the United States. Unless otherwise specified, the transaction occurs in the U.S. in the current year. C refers to consumption, I refers to investment, G refers to government expenditures, EX refers to exports, IM refers to imports, and N/A refers to not available.
Answer which category that transaction contributes to in the calculation of GDP of the United States. Unless otherwise specified, the transaction occurs in the U.S. in the current year. C refers to consumption, I refers to investment, G refers to government expenditures, EX refers to exports, IM refers to imports, and N/A refers to not available.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 1SCQ: Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment...
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Transcribed Image Text:Answer which category that transaction contributes to in the calculation of GDP of the United States. Unless
otherwise specified, the transaction occurs in the U.S. in the current year. C refers to consumption, I refers
to investment, G refers to government expenditures, EX refers to exports, IM refers to imports, and N/A
refers to not available.
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