Transaction Uncle John receives a check from the federal government for unemployment insurance benefits. You pay a hairdresser for a haircut. New York hires workers to plow snow after a snowstorm. Uncle Henry buys a new refrigerator from a domestic manufacturer. Uncle John orders 10 new computers for his finance business. Ford sells a Mustang from its inventory to the Martinez family. ☐ ☐ ☐ Government Net Consumption Investment Purchases Exports ☐ U 0 ☐ ☐ ㅁ ☐ ☐ ☐
Transaction Uncle John receives a check from the federal government for unemployment insurance benefits. You pay a hairdresser for a haircut. New York hires workers to plow snow after a snowstorm. Uncle Henry buys a new refrigerator from a domestic manufacturer. Uncle John orders 10 new computers for his finance business. Ford sells a Mustang from its inventory to the Martinez family. ☐ ☐ ☐ Government Net Consumption Investment Purchases Exports ☐ U 0 ☐ ☐ ㅁ ☐ ☐ ☐
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Consumption
Investment
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
3. Problems and Applications Q1
Transaction
Uncle John receives a check from the federal government for
unemployment insurance benefits.
You pay a hairdresser for a haircut.
New York hires workers to plow snow after a snowstorm.
Uncle Henry buys a new refrigerator from a domestic manufacturer.
Uncle John orders 10 new computers for his finance business.
Ford sells a Mustang from its inventory to the Martinez family.
Ford manufactures a Focus and adds it to its inventory.
You buy a new Toshiba computer.
☐ ☐ ☐
☐
Government
Purchases
Net
Exports
ப
☐
☐
☐ ☐ ☐
000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82bf6bb8-263d-4e1b-bdc5-5cccda9bd98d%2Fe2f55a27-a676-49b8-b4ad-ad3e2482d76c%2F72w1zkf_processed.png&w=3840&q=75)
Transcribed Image Text:Consumption
Investment
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
3. Problems and Applications Q1
Transaction
Uncle John receives a check from the federal government for
unemployment insurance benefits.
You pay a hairdresser for a haircut.
New York hires workers to plow snow after a snowstorm.
Uncle Henry buys a new refrigerator from a domestic manufacturer.
Uncle John orders 10 new computers for his finance business.
Ford sells a Mustang from its inventory to the Martinez family.
Ford manufactures a Focus and adds it to its inventory.
You buy a new Toshiba computer.
☐ ☐ ☐
☐
Government
Purchases
Net
Exports
ப
☐
☐
☐ ☐ ☐
000
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