Homework Answers
A - It will be included in government expenditure as the computer is being given in public school.
B - It will be included in Net export. The computers are being supplied in Paris.
C - This will be included in Net export.
D - This will be included in consumption expenditure as the computer is purchased by a person for use.
E - It will be inlcluded in investment expenditure.
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ta? 4. Place each of the following transactions in one of the four components of expenditure:...
Place each of the following transactions in one of the four components of expenditure: consumption, investment,...
Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purchases, and net exports. Apple sells a computer to a public school in Paris, Kentucky. Apple sells a computer to an accounting firm in Paris, Illinois. Apple sells a computer to a bakery in Paris, France. Apple sells a computer to Paris Hilton. Apple builds a computer to be sold next year.
Gregory Mankiw, Macroeconomics (10th) Chapter 2: Problems and Applications #2,4 farmer grows a bushel of wheat...
Gregory Mankiw, Macroeconomics (10th)
Chapter 2: Problems and Applications #2,4
farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour to a baker for $3 The baker uses the flour to make bread and sells the bread to an engineer for $6. The engineer eats the bread. What is the value added by each person? What is the bread's contribution to GDP? 4. Place...
Place each of the following transactions in one of the four components of expenditure (consumption, investment,...
Place each of the following transactions in one of the four components of expenditure (consumption, investment, government expenditure, or net exports). Do not forget to briefly justify your answer: (a) A domestic airline manufacturer sells a new airplane to the Air Force (i.e. government) 12 points). b) A domestic car manufacturer sells a new car to a domestic soccer player (i.e. private individual) [2 points). (c) A domestic car manufacturer builds a car to be sold next year [2 points....
Need help please show work, place each answer in the bank to whatever one. The Data...
Need help please show work, place each answer in the bank to
whatever one.
The Data of Macroeconomics- End of Chapter Problem Place each of the following transactions in the proper category of Consumption ex penditure use Government Purchases Answer Bank Apple sells a computer to Paris HiltonApple sells a computer to a public school in Paris, Kentucky.
Place each of the following transactions in one of the four components of expenditure: (remember it...
Place each of the following transactions in one of the four components of expenditure: (remember it could enter more than one component) Boeing sells an airplane to American Airlines Apple sells a computer to a bakery in Paris, France Amanda buys a computer which is made in China Sue buys dinner at a local restaurant for her family Amazon buys a new software for its company You buy a used computer from a friend General Motors inventories of steel rise...
Place each of the following transactions in one of the four components of expenditure (consumption, investment,...
Place each of the following transactions in one of the four components of expenditure (consumption, investment, (a) A domestic airline manufacturer sells a new airplane to the Air Force (i.e. government) [2 points b) A domestic car manufacturer sells a new car to a domestic soccer player (i.e. private individual) 12 points) (c) A domestic car manufacturer builds a car to be sold next year [2 points]. (d) A domestic airline manufacturer sells a new airplane to a foreign airline...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign goods, and foreign services. spending on durable goods, inventory investment, government debt, and net exports. consumption, investment, government transfers, and net interest. consumption, investment, government purchases, and net exports.
For each of the following transactions, state the effect both on U.S. GDP and on the...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure a. Your mother buys a new car from a U.S. producer. us, GDP (Click to select) Of the four components of aggregate expenditure: net exports do not change and government purchases rise. investment rises and net exports do not change. investment rises and net exports fall. consumption rises and net exports do not change. consumption rises and net exports...
For each of the following transactions, state the effect both on U.S. GDP and on the...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure. a. Your mother-in-law buys a new car from a U.S. producer. U.S. GDP (Click to select) Of the four components of aggregate expenditure: consumption rises and net exports fall. investment rises and net exports fall. investment rises and net exports do not change. O consumption rises and net exports do not change. b. Your mother-in-law buys a new car...
Calculate the four components of expenditure and GDP for the following economy using data from the...
Calculate the four components of expenditure and GDP for the following economy using data from the table below Instructions: Enter your response as an integer value GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments Imports Beginning-of-year inventory stocks End-of-year inventory stocks Business fixed investment Government payments to retirees Household purchases of durable goods $600 $75 $200 $100 $200 $50 $100 $50 $100 $100 $150 Consumption expenditures:...
Gregory Mankiw, Macroeconomics (10th)
Chapter 2: Problems and Applications #2,4
farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour to a baker for $3 The baker uses the flour to make bread and sells the bread to an engineer for $6. The engineer eats the bread. What is the value added by each person? What is the bread's contribution to GDP? 4. Place...
Place each of the following transactions in one of the four components of expenditure (consumption, investment, government expenditure, or net exports). Do not forget to briefly justify your answer: (a) A domestic airline manufacturer sells a new airplane to the Air Force (i.e. government) 12 points). b) A domestic car manufacturer sells a new car to a domestic soccer player (i.e. private individual) [2 points). (c) A domestic car manufacturer builds a car to be sold next year [2 points....
Need help please show work, place each answer in the bank to
whatever one.
The Data of Macroeconomics- End of Chapter Problem Place each of the following transactions in the proper category of Consumption ex penditure use Government Purchases Answer Bank Apple sells a computer to Paris HiltonApple sells a computer to a public school in Paris, Kentucky.
Place each of the following transactions in one of the four components of expenditure (consumption, investment, (a) A domestic airline manufacturer sells a new airplane to the Air Force (i.e. government) [2 points b) A domestic car manufacturer sells a new car to a domestic soccer player (i.e. private individual) 12 points) (c) A domestic car manufacturer builds a car to be sold next year [2 points]. (d) A domestic airline manufacturer sells a new airplane to a foreign airline...
The four components of aggregate expenditure are Multiple Choice spending on domestic goods, domestic services, foreign goods, and foreign services. spending on durable goods, inventory investment, government debt, and net exports. consumption, investment, government transfers, and net interest. consumption, investment, government purchases, and net exports.
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure a. Your mother buys a new car from a U.S. producer. us, GDP (Click to select) Of the four components of aggregate expenditure: net exports do not change and government purchases rise. investment rises and net exports do not change. investment rises and net exports fall. consumption rises and net exports do not change. consumption rises and net exports...
For each of the following transactions, state the effect both on U.S. GDP and on the four components of aggregate expenditure. a. Your mother-in-law buys a new car from a U.S. producer. U.S. GDP (Click to select) Of the four components of aggregate expenditure: consumption rises and net exports fall. investment rises and net exports fall. investment rises and net exports do not change. O consumption rises and net exports do not change. b. Your mother-in-law buys a new car...
Calculate the four components of expenditure and GDP for the following economy using data from the table below Instructions: Enter your response as an integer value GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments Imports Beginning-of-year inventory stocks End-of-year inventory stocks Business fixed investment Government payments to retirees Household purchases of durable goods $600 $75 $200 $100 $200 $50 $100 $50 $100 $100 $150 Consumption expenditures:...
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