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
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 1PA
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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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