Dmitri and Frances Cuttner live in Swarthmore, PA. Frances\'s father, Jake, live

Question

Dmitri and Frances Cuttner live in Swarthmore, PA. Frances's father, Jake, 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.

Transaction

C

I

G

X

M

Transaction

C

I

G

X

M

Dmitri's employer upgrades all of its computer systems using U.S.-made parts. Frances gets a new refrigerator made in the United States. Dmitri buys a bottle of Italian wine. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Frances's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.

Explanation / Answer

The items that will go in U.S GDP's components are listed below:

Dmitri's employer upgrades all of its computer systems using U. S. -made parts: Investment

Frances gets a new refrigerator made in the U.S: Consumption

Dmitri buys a bottle of Italian wine: Import

The state of Pennsylvania repaves highway PA320, which goes through the center of Swarthmore:Government purchases

France's father in Sweden order a bottle of Vermont maple syrup from the producer's website: Export

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