Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction You pay a hairdresser for a haircut. Uncle John orders 10 new computers for his finance business. California hires workers to repave Highway 101. Uncle Henry buys a new refrigerator from a domestic manufacturer. Ford manufactures a Focus and adds it to its inventory. Ford sells a Mustang from its inventory to the Martinez family. Uncle John receives a check from the federal government for unemployment insurance benefits. You buy a new Toshiba computer. Consumption Investment U □ 0 00 ☐ Government Purchases U Net Exports U U 0 0 0

Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction You pay a hairdresser for a haircut. Uncle John orders 10 new computers for his finance business. California hires workers to repave Highway 101. Uncle Henry buys a new refrigerator from a domestic manufacturer. Ford manufactures a Focus and adds it to its inventory. Ford sells a Mustang from its inventory to the Martinez family. Uncle John receives a check from the federal government for unemployment insurance benefits. You buy a new Toshiba computer. Consumption Investment U □ 0 00 ☐ Government Purchases U Net Exports U U 0 0 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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