Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as one of the categories below. Consumer Spending Non-Market Activity Government Spending Transfer Payments Investment Securities/Financial PaymentsNet Exports Black Market Secondhand Sales A monthly check received by an economics student who has been granted a government scholarship a. Investment b. Transfer Payments v A farmer's purchase of a new tractor c. Government Spending A plumber's purchase of a two-year-old used truck d. Net Exports
Determine if each transaction is included in the Gross Domestic Product (GDP) and mark each item as one of the categories below. Consumer Spending Non-Market Activity Government Spending Transfer Payments Investment Securities/Financial PaymentsNet Exports Black Market Secondhand Sales A monthly check received by an economics student who has been granted a government scholarship a. Investment b. Transfer Payments v A farmer's purchase of a new tractor c. Government Spending A plumber's purchase of a two-year-old used truck d. Net Exports
Chapter5: An Introduction To Macroeconomics
Section: Chapter Questions
Problem 3TY
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