Macroeconomics (9th Edition)
Macroeconomics (9th Edition)
9th Edition
ISBN: 9780134167398
Author: Andrew B. Abel, Ben Bernanke, Dean Croushore
Publisher: PEARSON
Question
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Chapter 2, Problem 4NP

(a)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction which involves buying of gasoline.

(b)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction which involves in purchasing a historical mansion at a brokerage fee of 6%.

(c)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction which involves a homemaker becoming part of the workforce.

(d)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction which involves a Japanese firm constructing an auto plant in the U.S.A

(e)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction which involves in a lottery winning.

(f)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction where an individual appears on television in publicizing a state lottery.

(g)

To determine

To find: the contribution made to GDP of current year in terms of production, expenditure and income with respect to the transaction where a vehicle fleet is being replaced with the old ones sold.

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