Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.TransactionHonda expands its factory in Ohio.You purchase a box of Belgian chocolate.You pay a hairdresser for a haircut.Uncle John receives a check from the federal government forunemployment insurance benefits.Your parents buy a new house from a local builder.Ford sells a Mustang from its inventory to the Martinez family.Uncle Henry buys a new refrigerator from a domestic manufacturer.New York hires workers to plow snow after a snowstorm.Consumption InvestmentD00DD000O00mO0eGovernmentPurchasesOWO0000NetExportsDOO000000

The GDP is comprised of four elements, which includes the personal consumption, business investment,…

ate what components of GDP (if any) each of the following transactions would affect. Check all that apply. nsaction da expands its factory in Ohio. purchase a box of Belgian chocolate. ay a hairdresser for a haircut. John receives a check from the federal government for ployment insurance benefits. arents buy a new house from a local builder. wells a Mustang from its inventory to the Martinez family. Henry buys a new refrigerator from a domestic manufacturer. ark hires workers to plow snow after a snowstorm. Consumption Investment O O D O Ⓡ 10 0 D 0 0 D DOO Government Purchases 0 0000 Net Exports 000 0 0000

ate what components of GDP (if any) each of the following transactions would affect. Check all that apply. nsaction da expands its factory in Ohio. purchase a box of Belgian chocolate. ay a hairdresser for a haircut. John receives a check from the federal government for ployment insurance benefits. arents buy a new house from a local builder. wells a Mustang from its inventory to the Martinez family. Henry buys a new refrigerator from a domestic manufacturer. ark hires workers to plow snow after a snowstorm. Consumption Investment O O D O Ⓡ 10 0 D 0 0 D DOO Government Purchases 0 0000 Net Exports 000 0 0000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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