Spending - Included in the U.S. GDP for 2020, or not included ?      If so, under which expenditure category (C, I, G, X etc,?) If not, why not?   A.You buy a $20,000 new Toyota made in San Antonio. ____________________ B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________ C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
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1. Spending - Included in the U.S. GDP for 2020, or not included ?  

   If so, under which expenditure category (C, I, G, X etc,?) If not, why not?

 

A.You buy a $20,000 new Toyota made in San Antonio. ____________________

B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________

C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________

D. You buy $20,000 in General Motors Corporation stock ___________________

E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________

F, You buy your neighbor’s used fence for $1,000. _________________________

H. You pay Alamo Colleges $1200 tuition for classes you took during 2020    ____________________________

I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________

J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________

 

-  Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.

 

- If

  • Depreciation = $479
  • Gross private domestic Investment (I) = $716
  • Government spending = $924
  • Imports = $547
  • Personal Consumption Expenditures = $2,966
  • Exports = $427

a.  How big is the GDP?

b.  How big is National Income?

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Need help with this. Thank you

1. Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.

- If

  • Depreciation = $479
  • Gross private domestic Investment (I) = $716
  • Government spending = $924
  • Imports = $547
  • Personal Consumption Expenditures = $2,966
  • Exports = $427

a.  How big is the GDP?

b.  How big is National Income?

Solution
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Follow-up Question

Hello, this a follow up just to remind you I need this fully answered.

Here is what needs to be answered:

H. You pay Alamo Colleges $1200 tuition for classes you took during 2020    ____________________________

I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________

J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________

 

-  Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.

 

- If

  • Depreciation = $479
  • Gross private domestic Investment (I) = $716
  • Government spending = $924
  • Imports = $547
  • Personal Consumption Expenditures = $2,966
  • Exports = $427

a.  How big is the GDP?

b.  How big is National Income?

Solution
Bartleby Expert
SEE SOLUTION
Follow-up Question

 

You did some work on it. Sub parts to be completed/solved. 

Need help with this

1. Spending - Included in the U.S. GDP for 2020, or not included ?  

   If so, under which expenditure category (C, I, G, X etc,?) If not, why not?

 

A.You buy a $20,000 new Toyota made in San Antonio. ____________________

B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________

C. Kendrick Jones, of Alberta, Canada, buys a $20,000 new Toyota made in San Antonio_______________

D. You buy $20,000 in General Motors Corporation stock ___________________

E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________

F, You buy your neighbor’s used fence for $1,000. _________________________

H. You pay Alamo Colleges $1200 tuition for classes you took during 2020    ____________________________

I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________

J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________

 

-  Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures.

 

- If

  • Depreciation = $479
  • Gross private domestic Investment (I) = $716
  • Government spending = $924
  • Imports = $547
  • Personal Consumption Expenditures = $2,966
  • Exports = $427

a.  How big is the GDP?

b.  How big is National Income?

Solution
Bartleby Expert
SEE SOLUTION
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