Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, 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 (I), government purchases (G), exports (X), or imports (M). Check all thatapply. TransactionCIGXMAmy gets a new video camera made in the United States. Van buys a sweater made in Guatemala. Amy's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Van's employer upgrades all of its computer systems using U.S.-made parts. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, 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.TransactionAmy gets a new video camera made in the United States.Van buys a sweater made in Guatemala.Amy's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.Van's employer upgrades all of its computer systems using U.S.-made parts.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.с00IUGXM

GDP Gross domestic product (GDP) is the accepted unit of measurement for the value added produced…

Answered: Van and Amy Cho live in Swarthmore, PA.…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 6P

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Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, 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 (I), government purchases (G), exports (X), or imports (M). Check all that

apply.

Transaction	C	I	G	X	M
Amy gets a new video camera made in the United States.
Van buys a sweater made in Guatemala.
Amy's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
Van's employer upgrades all of its computer systems using U.S.-made parts.
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.

Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, 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
Amy gets a new video camera made in the United States.
Van buys a sweater made in Guatemala.
Amy's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
Van's employer upgrades all of its computer systems using U.S.-made parts.
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
с
00
I
U
G
X
M

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