cenario Component of GDP affected: C, I, G, NX or Not Included Direction of Change (Increase, Decrease or Unaffected Ex: A consumer buys a 2020 Sony LED TV. C Increase 1. A farmer purchases a new tractor.     2. Businesses increase their current inventories.     3. You spend $9 to attend a movie.     4. Worried about consumer confidence, Ford purchased less sheet metal for its cars produced in US.     5. A retired woman cashes her social security check from the government.     6. Sam pays $2,800 a month to rent an apartment.     7. Worried about recession, people now start saving more money.     8. A French pharmaceutical firm purchases 15% of its antibiotics from US in 2020.     9. The US government hires more workers for constructing a bridge in Tennessee.     10. The San Jose District will permanently close a public charter school in 2020.     The table above describes several cases that could potentially affect the US 2020 GDP. Please, fill in the blanks by posting your answers below the table. Note: C stands for Consumption, I for Investment, G for Government Spending and NX for Net Exports (=Exports – Imports).

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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Scenario

Component of GDP affected: C, I, G, NX or Not Included

Direction of Change (Increase, Decrease or Unaffected

Ex: A consumer buys a 2020 Sony LED TV. C Increase
1. A farmer purchases a new tractor.    
2. Businesses increase their current inventories.    
3. You spend $9 to attend a movie.    
4. Worried about consumer confidence, Ford purchased less sheet metal for its cars produced in US.    
5. A retired woman cashes her social security check from the government.    

6. Sam pays $2,800 a month to rent an apartment.

   
7. Worried about recession, people now start saving more money.    
8. A French pharmaceutical firm purchases 15% of its antibiotics from US in 2020.    
9. The US government hires more workers for constructing a bridge in Tennessee.    
10. The San Jose District will permanently close a public charter school in 2020.    

The table above describes several cases that could potentially affect the US 2020 GDP. Please, fill in the blanks by posting your answers below the table.

Note: C stands for Consumption, I for Investment, G for Government Spending and NX for Net Exports (=Exports – Imports).

 
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