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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fedb0f666-7c95-4a3a-a5a7-2afdd7143da7%2Fa29e03b3-6cf0-49ec-8e3d-b8f474fc89e5%2Fsyoukkk_processed.png&w=3840&q=75)
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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