Darnell and Eleanor Cohen live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. 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 investment (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Darnell buys sweater made in Guatemala. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a new video camera made in the United States. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. с 0 0 I O 0 0 0 G 0 0 XO ■ 0
Darnell and Eleanor Cohen live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. 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 investment (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Darnell buys sweater made in Guatemala. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a new video camera made in the United States. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. с 0 0 I O 0 0 0 G 0 0 XO ■ 0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:3. Categories of expenditures
Darnell and Eleanor Cohen live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business.
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
Darnell buys a sweater made in Guatemala.
Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a
manufacturing facility in China.
Eleanor gets a new video camera made in the United States.
The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway
23, which feeds into the center of Conshohocken.
Jacques buys a new set of tools to use in his plumbing business.
с
□
I
□
G
□
X
□
M
□
□
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