Which COMPONENTS (IF ANY) of U.S. GDP (consumption C, investment I, government spending G, and/or net exports NX) THIS be affected and HOW (INCREASE OR DECREASE) if: (a) you buy an OLD house in Coral Gables and start living in it (b) Jackson Memorial Hospital buys a new MRI scanner produced in Germany (c) Whirlpool produces some kitchen appliances but does not manage to sell them this year" (d) you cook yourself a dinner (ignore the cost of all ingredients and the increase in your utility bill)
Which COMPONENTS (IF ANY) of U.S. GDP (consumption C, investment I, government spending G, and/or net exports NX) THIS be affected and HOW (INCREASE OR DECREASE) if: (a) you buy an OLD house in Coral Gables and start living in it (b) Jackson Memorial Hospital buys a new MRI scanner produced in Germany (c) Whirlpool produces some kitchen appliances but does not manage to sell them this year" (d) you cook yourself a dinner (ignore the cost of all ingredients and the increase in your utility bill)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which COMPONENTS (IF ANY) of U.S. GDP (consumption C, investment I, government spending G, and/or net exports NX) THIS YEAR would
be affected and HOW (INCREASE OR DECREASE) if:
(a) you buy an OLD house in Coral Gables and start living in it
(b) Jackson Memorial Hospital buys a new MRI scanner produced in Germany
(c) Whirlpool produces some kitchen appliances but does not manage to sell them this year
(d) you cook yourself a dinner (ignore the cost of all ingredients and the increase in your utility bill)
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