2. How would each of the following transactions affect Australias GDP? LO 2.1 EASY a)The Australian Government

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2. How would each of the following transactions affect Australia’s GDP? LO 2.1 EASY a)The Australian Government pays $1 billion in salaries for government workers. b)The Australian Government pays $1 billion to welfare recipients. c)The Australian Government pays an Australian firm $1 billion for newly produced airplane parts. d)The Australian Government pays $1 billion in interest to holders of Australian Government bonds. e)The Australian Government pays $1 billion to Saudi Arabia for crude oil to add to Australian official oil reserves.

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