1. Problems and Applications Q1
Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.
A. Consumption
B. Investment
C. Government Purchases
D. Net Exports
You pay a domestic plumber for fixing a leak in your bathroom.
New York hires workers to plow snow after a snowstorm.
Uncle John orders 10 new computers for his finance business.
Uncle Paul pays a domestic contractor for renovating his home.
You buy a new Toshiba computer
Ford manufactures a Focus and adds it to its inventory.
Uncle John receives a check from the federal government for unemployment insurance benefit.
Dell sells a desktop computer from its inventory to the Johnson family.