3. Problems and Applications Q1Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.GovernmentNetTransactionConsumptionInvestmentPurchasesExportsDell sells a desktop computer from its inventory to the Johnson family.You buy a new Toshiba computer.Uncle John receives a check from the federal government for unemploymentinsurance benefits.New York hires workers to plow snow after a snowstorm.You pay a domestic plumber for fixing a leak in your bathroom.Ford manufactures a Focus and adds it to its inventory.Uncle Paul pays a domestic contractor for renovating his home.Uncle John orders 10 new computers for his finance business.O OoOO oloO OO

Gross domestic product(GDP) refers to the total monetary value of all the goods and services…

Answered: Indicate what components of GDP (if…

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Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. Problems and Applications Q1
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
Government
Net
Transaction
Consumption
Investment
Purchases
Exports
Dell sells a desktop computer from its inventory to the Johnson family.
You buy a new Toshiba computer.
Uncle John receives a check from the federal government for unemployment
insurance benefits.
New York hires workers to plow snow after a snowstorm.
You pay a domestic plumber for fixing a leak in your bathroom.
Ford manufactures a Focus and adds it to its inventory.
Uncle Paul pays a domestic contractor for renovating his home.
Uncle John orders 10 new computers for his finance business.
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