3. Categories of expendituresPaolo and Sharon Zambetti live in Conshohocken, PA. Sharon's father, Van, lives in Sweden.XFor 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.TransactionSharon's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.Paolo's employer upgrades all of its computer systems using U.S.-made parts.Sharon gets a new refrigerator made in the United States.Paolo buys a sweater made in Guatemala.The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway23, which feeds into the center of Conshohocken.CI☐0G ☐0О0☐010ΣΟ Ο☐0☐0

Let's examine each transaction's contribution to the various components of the US GDP:1. From the…

Answered: 3. Categories of expenditures Paolo and…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 8E

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Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment is 50 billion, imports are 40 billion, and consumption spending is 2,000 billion. What is the dollar value of GDP?
What are the main components of measuring GDP with what is demanded?
3. Categories of expenditures Darnell and Eleanor Cohen live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. 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 Darnell buys a sweater made in Guatemala. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a new video camera made in the United States. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. Jacques buys a new set of tools to use in his plumbing business. с □ I □ G □ X □ M □ □
3. Categories of expenditures Dmitri and Frances Doherty live in Conshohocken, PA. Their son, Jake, owns his own plumbing business. 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 Dmitri's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway: 23, which feeds into the center of Conshohocken, Frances gets a new video camera made in the United States. Dmitri buys a sweater made in Guatemala. Jake buys a new set of tools to use in his plumbing business. с 00 I O O G O X 0 M O O 0 000 00 000 000
3. Categories of expenditures Jacques and Kyoko Lalime live in Swarthmore, PA. Kyoko's father, Musashi, 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. G M Transaction Kyoko'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 just a few miles from Jacques and Kyoko's house. Jacques's employer upgrades all of its computer systems using U.S.-made parts. Kyoko gets a new video camera made in the United States. Kyoko buys a new BMW, which was assembled in Germany.
3. Categories of expenditures Darnell and Eleanor Cole live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. 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 The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Darnell and Eleanor's house. Eleanor buys a new BMW, which was assembled in Germany. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a haircut. Jacques buys a new set of tools to use in his plumbing business. с O I O G X M O O
3. Categories of expenditures Tim and Alyssa Espinosa live in Swarthmore, PA. Their son, Brian, owns his own plumbing business. 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 G M Brian buys a new set of tools to use in his plumbing business. Tim buys a sweater made in Guatemala. Alyssa gets a new video camera made in the United States. Tim's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - O O O U O o O
3. Categories of expenditures Larry and Megan Smith live in Swarthmore, PA. Megan's father, Raphael, 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 I G X M Larry buys a sweater made in Guatemala. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Megan's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Megan gets a new video camera made in the United States. Larry's employer upgrades all of its computer systems using U.S.-made parts. O O
3. Categories of expenditures Shen and Valerie Ferrari live in Swarthmore, PA. Valerie's father, Antonio, 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 Shen's employer upgrades all of its computer systems using U.S.-made parts. Valerie gets a new video camera made in the United States. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Valerie's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Shen buys a bottle of Italian wine. OOOoo 0 I 00000 G 00 000 X 00000 M OC 0 0 0 0
3. Categories of expenditures Sam and Teresa Dhupia live in Swarthmore, PA. Their son, Andrew, owns his own plumbing business. 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 (EX), or imports (IM). (Hint: Check all that apply.) Transaction Sam buys a sweater made in Guatemala. Sam's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Teresa gets a new video camera made in the United States. Andrew buys a new set of tools to use in his plumbing business. с 0 0 I ■ 0 0 0 G 0 EX r L 0 0 0 IM O 0 0
Urgently need Suppose jane Purchases a $600000 BMW that was produced in Germany. Which of the following describes how this would be recorded in Canadian GDP accounts. a. Net Exports Increase $60,000 b. Net Exports decrease $60,000 c. Investment increases by $60,000 and net exports increase by $60,000 d. Consumption increases by $60, 000 and net exports decreases by y$60,000 Please fully explain the answer you choose.
The table below gives some of the items in the U.S. National Income and ProductAccounts in 1995.ItemAmount(trillions ofdollars)Consumption expenditure 4.97Investment 1.14Government expenditures 1.37Net exports 0.08Wages 4.20Interest, rent, and profit 1.68Depreciation 0.89a) Use the expenditure approach to calculate U.S. GDP in 1995.b) Use the income approach to calculate U.S. net domestic product at factor cost in

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