
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 27
Determine which category each of the following economic activities falls under: consumption (C), investment (I), government purchases (G), net exports (NX), or not included in GDP.
a. The mayor of Chicago authorizes the construction of a new stadium using public funds.
b. A student pays rent on her apartment.
c. Parents pay college tuition for their son.
d. Someone buys a new Toyota car produced in Japan.
e. Someone buys a used Toyota car.
f. Someone buys a new General Motors car produced in the United States.
g. A family buys a house in a newly constructed housing development.
h. The U.S. Army pays its soldiers.
i. A Brazilian driver buys a Ford car produced in the United States.
j. The Department of Motor Vehicles buys a new machine for printing driver's licenses.
k. An apple picked in Washington State in October is bought at a grocery store in Mississippi in December.
l. Hewlett-Packard produces a computer and sends it to a warehouse in another state for sale next year.
a. The mayor of Chicago authorizes the construction of a new stadium using public funds.
b. A student pays rent on her apartment.
c. Parents pay college tuition for their son.
d. Someone buys a new Toyota car produced in Japan.
e. Someone buys a used Toyota car.
f. Someone buys a new General Motors car produced in the United States.
g. A family buys a house in a newly constructed housing development.
h. The U.S. Army pays its soldiers.
i. A Brazilian driver buys a Ford car produced in the United States.
j. The Department of Motor Vehicles buys a new machine for printing driver's licenses.
k. An apple picked in Washington State in October is bought at a grocery store in Mississippi in December.
l. Hewlett-Packard produces a computer and sends it to a warehouse in another state for sale next year.
Explanation
Gross domestic product (GDP):
GDP refer...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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