Place the transactions below in their appropriate categories in the GDP and calculate the overall effect on the GDP of the United States. GDP = Consumption Expenditure + Investment + Government spending + Net Exports a. My total gasoline bill for a year ($1,500) b. A Chinese citizen buys a U.S. government bond ($5,000) c. A Landscaping firm’s gasoline costs for a year ($2,500):
Place the transactions below in their appropriate categories in the GDP and calculate the overall effect on the GDP of the United States. GDP = Consumption Expenditure + Investment + Government spending + Net Exports a. My total gasoline bill for a year ($1,500) b. A Chinese citizen buys a U.S. government bond ($5,000) c. A Landscaping firm’s gasoline costs for a year ($2,500):
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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Place the transactions below in their appropriate categories in the
a. My total gasoline bill for a year ($1,500)
b. A Chinese citizen buys a U.S. government bond ($5,000)
c. A Landscaping firm’s gasoline costs for a year ($2,500):
d. A School district buys new uniforms for its basketball team ($1100)
e. I invest in a fidelity mutual fund ($2,000)
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