I completely understand that you will not do th entire worksheet but could you do a couple of them and explain to me how to finish the rest and how to calcuate the overall gdp? Thank you Place the transactions below in their appropriate categories in the GDP andcalculate the overall effect on the GDP of the United States.1. My cost for auto repairs and inspection. ($1,000)2. The township buys rock salt to maintain the municipality's roads in the month ofFebruary ($2,000)3. A student goes to study in Ireland for a total cost of ($5,000)4. A U.S. citizen buys a refrigerator from General Electric (A US company).($1800)5. A US retailer buys a new cash register ($1500)6. The cost of auto parts used to repair my car ($300)7. My total gasoline bill for8. A Chinese citizen buys a U.S. government bond ($5,000)9. A Landscaping firm's gasoline costs for a year ($2,500):10. A School district buys new uniforms for its basketball team ($1100)11. I invest in a fidelity mutual fund ($2,000)12. My total food cost for a year ($8,000)13. An American bank loans a German citizen ($5,000)14. An American buys a sewing machine to produce clothing for sale at a localflea-market ($500)15. A Mexican worker in the United States sends part of her paycheck back tofamily in Mexico ($2,000)16. The cost of a para-legal's service for a district attorney ($2,500)17. My total utility and insurance bills for a year ($3700)18. I put a car port on my house ($2,000).19. Auto maintenance on a Township police vehicle ($600)20. The German citizen in #13 makes a payment on the loan ($1,000).year ($1,500)

Gross Domestic Product is defined as the value of all services and final goods being produced in a…

Place the transactions below in their appropriate categories in the GDP and calculate the overall effect on the GDP of the United States. 1. My cost for auto repairs and inspection. ($1,000) 2. The township buys rock salt to maintain the municipality's roads in the month of February ($2,000) 3. A student goes to study in Ireland for a total cost of ($5,000) 4. A U.S. citizen buys a refrigerator from General Electric (A US company). ($1800) 5. A US retailer buys a new cash register ($1500)

Place the transactions below in their appropriate categories in the GDP and calculate the overall effect on the GDP of the United States. 1. My cost for auto repairs and inspection. ($1,000) 2. The township buys rock salt to maintain the municipality's roads in the month of February ($2,000) 3. A student goes to study in Ireland for a total cost of ($5,000) 4. A U.S. citizen buys a refrigerator from General Electric (A US company). ($1800) 5. A US retailer buys a new cash register ($1500)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I completely understand that you will not do th entire worksheet but could you do a couple of them and explain to me how to finish the rest and how to calcuate the overall gdp? Thank you

Place the transactions below in their appropriate categories in the GDP and
calculate the overall effect on the GDP of the United States.
1. My cost for auto repairs and inspection. ($1,000)
2. The township buys rock salt to maintain the municipality's roads in the month of
February ($2,000)
3. A student goes to study in Ireland for a total cost of ($5,000)
4. A U.S. citizen buys a refrigerator from General Electric (A US company).
($1800)
5. A US retailer buys a new cash register ($1500)
6. The cost of auto parts used to repair my car ($300)
7. My total gasoline bill for
8. A Chinese citizen buys a U.S. government bond ($5,000)
9. A Landscaping firm's gasoline costs for a year ($2,500):
10. A School district buys new uniforms for its basketball team ($1100)
11. I invest in a fidelity mutual fund ($2,000)
12. My total food cost for a year ($8,000)
13. An American bank loans a German citizen ($5,000)
14. An American buys a sewing machine to produce clothing for sale at a local
flea-market ($500)
15. A Mexican worker in the United States sends part of her paycheck back to
family in Mexico ($2,000)
16. The cost of a para-legal's service for a district attorney ($2,500)
17. My total utility and insurance bills for a year ($3700)
18. I put a car port on my house ($2,000).
19. Auto maintenance on a Township police vehicle ($600)
20. The German citizen in #13 makes a payment on the loan ($1,000).
year ($1,500)

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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