Homework Answers
Answer
a) Canadian eggs bought from a farm in Canada - Assuming you are not living in Canada, a goods you bought from Canada is considered as Imports and Net Exports = Exports - Imports. Hence This belongs to Net Exports.
b) As Medications are purchase by health department of a country. Hence this will be considered as purchased by a government. Hence this will be included in Government Purchases
c) An oil change is considered as a purchase of good by a resident for consumption purpose. Hence this will be included in consumption
d) A new home will result in change in Capital Stock which is what we called Investment . Hence This belongs to Investment.
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To which component of GDP expenditure does each of the following belong? a. Canadian eggs bought...
QUESTION 15 Which component of the GDP does the following transaction belong to? Delaware pays for...
QUESTION 15 Which component of the GDP does the following transaction belong to? Delaware pays for new road construction. A. Consumption B. Investment C. Government Expenditures D. Net Exports C. Government Expenditures D. Net Exports QUESTION 16 Which component of the GDP does the following transaction belong to? A family buys a large pizza, breadsticks, and soda from a local pizzeria. A. Consumption B. Investment C. Government Expenditures D. Net Exports QUESTION 17 Which component of the GDP does the...
For each of the following transactions, state the effect both on U.S. GDP and on the...
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