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victus00 [196]
2 years ago
9

Categorize each item below as a component of Gross Domestic Product (GDP): consumption, investment, government purchases, or net

exports. a. A ticket to a local sporting event. b. A 55-cent taco c. A public school teacher's salary d. A dollhouse sold abroad e. A domestically manufactured business computer f. A domestically manufactured personal computer g. Ice cream h. Cab fare for personal use
Business
1 answer:
a_sh-v [17]2 years ago
4 0

Each items as a component of Gross Domestic Product (GDP) are:

Consumption:

  • Ice Cream
  • 55 cent tacos

Investment:

  • A domestically manufactured business computer

Government purchases

  • A public school teacher's salary

Net export:

  • An exported dollhouse

<h3>What is  Gross Domestic Product (GDP)?</h3>

Gross Domestic Product (GDP) can be defined as the overall value of goods and service that are produced and sold in the market during a particular period of time.

Based on the information given each items as a component of Gross Domestic Product (GDP) are:

Consumption:

  • Ice Cream
  • 55 cent tacos
  • A domestically manufactured personal computer
  • Cab fare for personal use
  • A ticket to a local sporting event

Investment:

  • A domestically manufactured business computer

Government purchases:

  • A public school teacher's salary

Net export:

  • An exported dollhouse

Inconclusion each items as a component of Gross Domestic Product (GDP) are:

Consumption:

  • Ice Cream
  • 55 cent tacos

Learn more about Gross Domestic Product (GDP) here:brainly.com/question/1383956

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