Andrew and Bthe Trimble live in Swarthmore, PA. Beth's father, Darnell, lives in Sweden.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
Investment
Government purchases
Exports
Imports
Select all that apply:

1. Beth gets a new video camera made in the United States.
2. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
3. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
4. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
5. Andrew buys a sweater made in Guatemala.

Answers

Answer 1
Answer:

Categories of following expenditure transactions are,      

1 ) Beth gets a new video camera made in the United States - Consumption

2 ) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website - Exports

3 ) Andrew's employer upgrades all of its computer systems using U.S.-made parts - Investment

4 ) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore - Government purchases

5 ) Andrew buys a sweater made in Guatemala - Imports

 

   

       

For calculating U.S. GDP, following transactions are the part of,    

a) Beth gets a new video camera made in the United States.

 It is a part of Consumption, as it is related to the purchase of a final good by an individual for personal use.

b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.

It is part of the Exports, as it  involves the sale of a U.S. product to a foreign country (Sweden), which is considered an export.

c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.

It is part of Investment, because it involves the purchase of capital goods (computer systems) by a business for productive purposes.

d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.

It is a part of Government purchases, because it involves government spending on infrastructure.

Andrew buys a sweater made in Guatemala.

It is part of Imports, purchase of a foreign-made good (from Guatemala) by a U.S. resident, and thus it is considered an import.

                             

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The Complete Question is,

Categories of expenditures Andrew and Beth Trimble live in Swarthmore, PA. Beth's father, Darnell, lives in Sweden.

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.

a) Beth gets a new video camera made in the United States.

b)  Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.

c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.

d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.

e) Andrew buys a sweater made in Guatemala.                                

Answer 2
Answer:

Answer:

3

Explanation:

The computer sytems relates to the US. GDP


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Answers

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Answer:

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Answers

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