2. How would each of the following transactions affect the GDP of the United Sta

Question

2. How would each of the following transactions affect the GDP of the United States? a.The U.S. government pays $1 billion in salaries for government workers. b.The U.S. government pays $1 billion to Social Security recipients. c.The U.S. government pays a U.S. firm $1 billion for newly produced airplane parts. d.The U.S. government pays $1 billion in interest to holders of U.S. government bonds. e.The U.S. government pays $1 billion to Saudi Arabia for crude oil to add to U.S. government-owned oil reserves.

Explanation / Answer

a) increases b) increases c) decreases d) increases e) decreases

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