Del Mar College-Canvas x Y O cick for Regstration, Access : x y Mind Tap-Cengage

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Del Mar College-Canvas x Y O cick for Regstration, Access : x y Mind Tap-Cengage Learning x ì. Secure https r ng cengage. or statich b uve oinde ht ndeploymentid-5673679961075575 n160346996elSBNe97813370g 5% MINDTAP Homework (Ch 10) Back to Assignment Attempts 3. Categories of expenditures Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, lives in Sweden. Average: 11 For each of the following transactions that occur in their lives, identify whether it is included in the caiculation of U.S GOP as part of consumption (C investment(t, government purchases (G), exports (, or imports (M). Check all that apply. Transaction Ammy gets a new refrigerator made in the United States. Van's employer upgrades all of its computer systems using U.S.-made parts Amy's father in Sweden orders a bottle of Vemont maple syrup from the producer's website. Van buys a bottle of italian wine. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Connue without saving

Explanation / Answer

1.

Consumption (C)

It will add to the US GDP under the consumption part of the GDP.

2.

Investment (I)

It will be added to the US GDP as investment. It is the business, going for the investment expenditure.

3.

Export (X)

Here, the maple syrup is exported by the US firm to Amy’s father living in Sweden.

4.

Import (M) as well as Consumption (C)

It is an Italian wine, so it will go to the import component of the US GDP, though it is consumed so it will also go to consumption (C).

5.

Government Spending (G)

It is the part of US GDP and it is government spending upon a highway project.

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