Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Exercise 29

Determine whether each of the following counts as consumption, investment, government purchases, net exports, or none of these, under the expenditure approach to calculating GDP. Explain your answer.
a. The construction of a court house.
b. A taxicab ride.
c. The purchase of a taxicab by a taxicab company.
d. A student buying a textbook.
e. The trading of municipal bonds (a type of financial investment offered by city or state governments).
f. A company's purchase of foreign minerals.