Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as one of the categories below. Consumer Spending Non-Market Activity Government Spending Transfer Payments Investment Securities/Financial PaymentsNet Exports Black Market Secondhand Sales A monthly check received by an economics student who has been granted a government scholarship a. Investment b. Transfer Payments v A farmer's purchase of a new tractor c. Government Spending A plumber's purchase of a two-year-old used truck d. Net Exports -v Cashing a U.S. government bond e Securities/Financial Payr vA Social Security check from the government to a retired store clerk f Secondhand Sales v Sale of $1 000 worth of crack cocaine g Black Market v The government's purchase of a new submarine for the Navy h. Nonmarket Activity
Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as one of the categories below. Consumer Spending Non-Market Activity Government Spending Transfer Payments Investment Securities/Financial PaymentsNet Exports Black Market Secondhand Sales A monthly check received by an economics student who has been granted a government scholarship a. Investment b. Transfer Payments v A farmer's purchase of a new tractor c. Government Spending A plumber's purchase of a two-year-old used truck d. Net Exports -v Cashing a U.S. government bond e Securities/Financial Payr vA Social Security check from the government to a retired store clerk f Secondhand Sales v Sale of $1 000 worth of crack cocaine g Black Market v The government's purchase of a new submarine for the Navy h. Nonmarket Activity
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 12PA
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