Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Government Net Consumption Investment Purchases Exports Your parents buy a bottle of French wine. You pay a hairdresser for a haircut. Aunt Jane buys a new house from a local builder, Texas hires public middle school teachers. Uncle Henry buys a new refrigerator from a domestic manufacturer. Ford manufactures a Focus and sells it to Avis, the car rental company. Ford sells a Mustang from its inventory to the Martinez family. The Jackson family buys an old Victorian house from the Walker family. OO0 O0

Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Government Net Consumption Investment Purchases Exports Your parents buy a bottle of French wine. You pay a hairdresser for a haircut. Aunt Jane buys a new house from a local builder, Texas hires public middle school teachers. Uncle Henry buys a new refrigerator from a domestic manufacturer. Ford manufactures a Focus and sells it to Avis, the car rental company. Ford sells a Mustang from its inventory to the Martinez family. The Jackson family buys an old Victorian house from the Walker family. OO0 O0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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