What components of GDP (if any) would each of the following transactions affect? (with the expenditure approach) a. Dodge sells a Neon from its inventory to someone in France. b. Uncle Frank buys a newly constructed house in Atlanta. c. A family goes to Great Clips to get their hair cut. d. Chicken purchased by a chef preparing Chicken Marsala for her customers. e. Oprah will only buy Columbian coffee. f. Home Depot expands some of its stores in the Chicagoland area. g. An extension of tollway I-355 built by the state of llinois
What components of GDP (if any) would each of the following transactions affect? (with the expenditure approach) a. Dodge sells a Neon from its inventory to someone in France. b. Uncle Frank buys a newly constructed house in Atlanta. c. A family goes to Great Clips to get their hair cut. d. Chicken purchased by a chef preparing Chicken Marsala for her customers. e. Oprah will only buy Columbian coffee. f. Home Depot expands some of its stores in the Chicagoland area. g. An extension of tollway I-355 built by the state of llinois
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 1PA
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What components of GDP (if any) would each of the following transactions affect? (with the expenditure approach)
a. Dodge sells a Neon from its inventory to someone in France.
b. Uncle Frank buys a newly constructed house in Atlanta.
c. A family goes to Great Clips to get their hair cut.
d. Chicken purchased by a chef preparing Chicken Marsala for her customers.
e. Oprah will only buy Columbian coffee.
f. Home Depot expands some of its stores in the Chicagoland area.
g. An extension of tollway I-355 built by the state of llinois
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