Question

For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.Transaction C |I |G| X |M|The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Antonio and Caroline's house.Dmitri buys a new set of tools to use in his plumbing business.Caroline buys a new BMW, which was assembled in Germany.Antonio's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China.Caroline gets a haircut.

Answer 1

Answer:

The given transactions categorised as being parts of C / I / G / X - M, from GDP

Explanation:

Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Antonio and Caroline's house : Government Purchase

Dmitri buys a new set of tools to use in his plumbing business : Investment

Caroline buys a new BMW, which was assembled in Germany : Imports

Antonio's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China : Export

Caroline gets a haircut : Consumption