Question

Classify the items according to the expenditure approach to Canada's GDP calculation Answer Bank Personal consumption expenditures (C) Taking advantage of its growing reputation, a Canadian coffee shop begins selling T-shirts online to customers in the United States Gross private domestic Tyler purchases a lattefrom his local coffee investment (I) shop to boost his energy while working The government builds a new road to Government consumption and accomodate the surge of customers that are gross investment (G) driving to a local coffee shop. A local coffee shop buys a new coffee press to help their workers make drinks more quickly Exports (EX) Colombiancoffee beans are sold to Canadian consumers Imports (IM)

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Answer 1

Personal Consumption in GDP: Tyler purchases a lattefrom his local coffee

Gross Private domestic investment (I): A local coffee shop buys a new coffee press to help

Government Consumption and gross investment (I): The government builds a new road to accommodate the surge

Exports (EX): Taking advantage of its growing reputation, a Canadian

Imports (EX): Colombiancoffee beans are sold to Canadian consumers