Component of GDP affected: Effect on GDP Scenario С, 1, G, X-M, оr NC- not counted (increase, decrease, no change) 1. A farmer purchases a new tractor. 2. Businesses increase their current inventories. 3. You spend $7 to attend a movie. 4. Worried about consumer confidence, Ford purchases less sheet metal for cars. 5. A retired man cashes his social security check from the government. 6. A French company purchases a one-year membership to PartyPeople.com, a U.S.-based 7. A person pays $450 a month to rent an apartment. 8. Worried about a recession, people begin saving more money. 9. The U.S. government hires 10 Chinese-language experts from China to train U.S. workers. 10. Government closes school for the month of March.

Component of GDP affected: Effect on GDP Scenario С, 1, G, X-M, оr NC- not counted (increase, decrease, no change) 1. A farmer purchases a new tractor. 2. Businesses increase their current inventories. 3. You spend $7 to attend a movie. 4. Worried about consumer confidence, Ford purchases less sheet metal for cars. 5. A retired man cashes his social security check from the government. 6. A French company purchases a one-year membership to PartyPeople.com, a U.S.-based 7. A person pays $450 a month to rent an apartment. 8. Worried about a recession, people begin saving more money. 9. The U.S. government hires 10 Chinese-language experts from China to train U.S. workers. 10. Government closes school for the month of March.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A sentence that contains a metaphor
What are somethings that are abundant in a community
Give typing answer with explanation and conclusion Keiko bought a sofa on sale for $292. This price was 27% less than the original price. What was the original price?
what is Capitalist culture? Typed and correct answer please. I ll rate
see in
How to calculate hourly recovery tariff
A measure of the goods and services produced using labor and property in the us
Why junk food is a demerit goods
Number 34