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7. My total gasoline bill for a year ($1,500) 8. A Chinese citizen buys a U.S. government bond ($5,000) 9. A Landscaping firm's gasoline costs for a year ($2,500):

7. My total gasoline bill for a year ($1,500) 8. A Chinese citizen buys a U.S. government bond ($5,000) 9. A Landscaping firm's gasoline costs for a year ($2,500):

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 14CQ
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Place the transactions below in their appropriate categories in the GDP and calculate the overall effect on the GDP of the United States. 7. My total gasoline bill for a year ($1,500) 8. A Chinese citizen buys a U.S. government bond ($5,000) 9. A Landscaping firm's gasoline costs for a year ($2,500): 10. A School district buys new uniforms for its basketball team ($1100) 11. I invest in a fidelity mutual fund ($2,000) 12. My total food cost for a year ($8,000) 13. An American bank loans a German citizen ($5,000) 14. An American buys a sewing machine to produce clothing for sale at a local flea-market ($500) 15. A Mexican worker in the United States sends part of her paycheck back to family in Mexico ($2,000)
Transcribed Image Text:Place the transactions below in their appropriate categories in the GDP and calculate the overall effect on the GDP of the United States. 7. My total gasoline bill for a year ($1,500) 8. A Chinese citizen buys a U.S. government bond ($5,000) 9. A Landscaping firm's gasoline costs for a year ($2,500): 10. A School district buys new uniforms for its basketball team ($1100) 11. I invest in a fidelity mutual fund ($2,000) 12. My total food cost for a year ($8,000) 13. An American bank loans a German citizen ($5,000) 14. An American buys a sewing machine to produce clothing for sale at a local flea-market ($500) 15. A Mexican worker in the United States sends part of her paycheck back to family in Mexico ($2,000)
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