2. Categories of expenditures Larry and Megan Stein live in Swarthmore, PA. Megan's father, Raphael, lives in Sweden. 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction I G X The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Megan gets a new refrigerator made in the United States. Larry's employer upgrades all of its computer systems using U.S.-made parts. Larry buys a sweater made in Guatemala. Megan's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. O O O O O O O O O

2. Categories of expenditures Larry and Megan Stein live in Swarthmore, PA. Megan's father, Raphael, lives in Sweden. 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 (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction I G X The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Megan gets a new refrigerator made in the United States. Larry's employer upgrades all of its computer systems using U.S.-made parts. Larry buys a sweater made in Guatemala. Megan's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. O O O O O O O O O

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.2P

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