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Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Uncle Paul pays a domestic contractor for renovating his home. Aunt Jane buys a new house from a local builder. You purchase a box of Belgium chocolate. Ford manufactures a Focus and sells it to Avis, the car rental company. You pay a domestic plumber for fixing a leak in your bathroom. Ford sells a Mustang from its inventory to the Martinez family. California hires workers to repave Highway 101. The federal government sends your grandmother a Social Security check. Consumption Investment 0 0 0 Government Purchases Net Exports 000 0

Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Uncle Paul pays a domestic contractor for renovating his home. Aunt Jane buys a new house from a local builder. You purchase a box of Belgium chocolate. Ford manufactures a Focus and sells it to Avis, the car rental company. You pay a domestic plumber for fixing a leak in your bathroom. Ford sells a Mustang from its inventory to the Martinez family. California hires workers to repave Highway 101. The federal government sends your grandmother a Social Security check. Consumption Investment 0 0 0 Government Purchases Net Exports 000 0

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Uncle Paul pays a domestic contractor for renovating his home. Aunt Jane buys a new house from a local builder. You purchase a box of Belgium chocolate. Ford manufactures a Focus and sells it to Avis, the car rental company. You pay a domestic plumber for fixing a leak in your bathroom. Ford sells a Mustang from its inventory to the Martinez family. California hires workers to repave Highway 101. The federal government sends your grandmother a Social Security check. Consumption Investment 0 0 0 U Government Purchases Net Exports 000
Transcribed Image Text:Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. Transaction Uncle Paul pays a domestic contractor for renovating his home. Aunt Jane buys a new house from a local builder. You purchase a box of Belgium chocolate. Ford manufactures a Focus and sells it to Avis, the car rental company. You pay a domestic plumber for fixing a leak in your bathroom. Ford sells a Mustang from its inventory to the Martinez family. California hires workers to repave Highway 101. The federal government sends your grandmother a Social Security check. Consumption Investment 0 0 0 U Government Purchases Net Exports 000
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