Question

Categories of expenditures Damell and Eleanor Cohen live in Swarthmore, PA. Their son, Jacques, owns his own plumbing business. 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 (1), government purchases (G), exports (X), or imports (M). 1. Transaction CLG X M Eleanor gets a new video camera made in the United States. 2. The state of Pennsylvania repaves Highway PA 320, which goes through the center of Swarthmore. 3. Darnell buys a sweater made in Guatemala 4. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. 5. Jacques buys a new set of tools to use in his plumbing business 6. Grade k Now Save & Continue Continue without saving

Answer 1

Explanation:

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 (1), government purchases (G), exports (X), or imports (M).

1. Transaction CLG X M Eleanor gets a new video camera made in the United States - Consumption

2. The state of Pennsylvania repaves Highway PA 320, which goes through the center of Swarthmore - Government Purchase

3. Darnell buys a sweater made in Guatemala - Consumption  & Imports

4. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China - Exports

5. Jacques buys a new set of tools to use in his plumbing business - Investment