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Kevin and Maria Singh live in Conshohocken, PA. Maria's father, Rajiv, lives in Sweden. for each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Maria gets a new refrigerator made in the United States. Kevin buys a bottle of Italian wine. с I G X M

Kevin and Maria Singh live in Conshohocken, PA. Maria's father, Rajiv, lives in Sweden. for each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Maria gets a new refrigerator made in the United States. Kevin buys a bottle of Italian wine. с I G X M

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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3. Categories of expenditures Kevin and Maria Singh live in Conshohocken, PA. Maria's father, Rajiv, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Maria gets a new refrigerator made in the United States. Kevin buys a bottle of Italian wine. Maria's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Kevin's employer upgrades all of its computer systems using U.S.-made parts. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. UDO с O I C C G O DO C X DO C 10 M n D C
Transcribed Image Text:3. Categories of expenditures Kevin and Maria Singh live in Conshohocken, PA. Maria's father, Rajiv, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Maria gets a new refrigerator made in the United States. Kevin buys a bottle of Italian wine. Maria's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Kevin's employer upgrades all of its computer systems using U.S.-made parts. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. UDO с O I C C G O DO C X DO C 10 M n D C
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