Answer plzz... 3. Categories of expendituresAndrew and Beth Vaughn live in Conshohocken, PA. Beth's father, Darnell, 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 (1), government purchases (G), exports (X), or imports (M). Check all that apply.Transaction.Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is justa few miles from Andrew and Beth's house.Beth buys a new BMW, which was assembled in Germany.Andrew's employer upgrades all of its computer systems using U.S.-made parts.Beth gets a new video camera made in the United States.сDOIDCGXECMODCOB

The entire monetary worth of all goods and services produced inside a nation's boundaries over a…

Answered: 3. Categories of expenditures Andrew…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 4.8P

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1. Answer the following: A) In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was $10,729 billion, government spending was $2,594 billion, and net exports was -$568 billion, how much was investment spending? B) In 2011 the United States economy had a GDI (Gross Domestic Income) of approximately $13,548 billion according to the Bureau of Economic Analysis. If wages were $8,340 billion, interest payments were $516 billion, and rent was $430 billion, approximately how much was remaining for profit?
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