Sam and Teresa Dhupia live in Swarthmore, PA. Their son, Andrew, owns his own plumbing business. 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 (EX), or imports (IM). (Hint: Check all that apply.) Transaction Sam buys a sweater made in Guatemala. Sam's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania renaves highway PA 320 which goes through the center of Swarthmore с 0 0 C n I 0 n G n J n EX 0 0 C n IM 0 0
Sam and Teresa Dhupia live in Swarthmore, PA. Their son, Andrew, owns his own plumbing business. 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 (EX), or imports (IM). (Hint: Check all that apply.) Transaction Sam buys a sweater made in Guatemala. Sam's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania renaves highway PA 320 which goes through the center of Swarthmore с 0 0 C n I 0 n G n J n EX 0 0 C n IM 0 0
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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