Wha t components of GDP (if any) would each of thefollowing tt"a:nsactions affc,: t? Explain.a. Uncle Henry buys a new refrigerator from adomestic manufactu=.b. Aunt Jane buys a new house from a local builder:c. The Jackson famil}' bU}'S an old Victorian housefrom the Walker fan1ily.d. You pay a hairdresser for a haircut.e. Ford sells a Mustang from its inventory to theMartinez family.f. Ford manufactures a Focus and sells il to Avis, thecar rental company.g. Cal.ilornia hires workers to repave Highway JOI.h. The federal government sends your grandmothera Social Securil y check.i. Your parents buy a bo ttle of French wine.j. Honda expands its factory in Ohio.
Wha t components of GDP (if any) would each of thefollowing tt"a:nsactions affc,: t? Explain.a. Uncle Henry buys a new refrigerator from adomestic manufactu=.b. Aunt Jane buys a new house from a local builder:c. The Jackson famil}' bU}'S an old Victorian housefrom the Walker fan1ily.d. You pay a hairdresser for a haircut.e. Ford sells a Mustang from its inventory to theMartinez family.f. Ford manufactures a Focus and sells il to Avis, thecar rental company.g. Cal.ilornia hires workers to repave Highway JOI.h. The federal government sends your grandmothera Social Securil y check.i. Your parents buy a bo ttle of French wine.j. Honda expands its factory in Ohio.
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 1P
Related questions
Question
Wha t components of
following tt"a:nsactions affc,: t? Explain.
a. Uncle Henry buys a new refrigerator from a
domestic manufactu=.
b. Aunt Jane buys a new house from a local builder:
c. The Jackson famil}' bU}'S an old Victorian house
from the Walker fan1ily.
d. You pay a hairdresser for a haircut.
e. Ford sells a Mustang from its inventory to the
Martinez family.
f. Ford manufactures a Focus and sells il to Avis, the
car rental company.
g. Cal.ilornia hires workers to repave Highway JOI.
h. The federal government sends your grandmother
a Social Securil y check.
i. Your parents buy a bo ttle of French wine.
j. Honda expands its factory in Ohio.
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