2. How would each of the following transactions affect the GDP of the United States? (LO1) a....

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2. How would each of the following transactions affect the GDP of the United States? (LO1) 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. official oil reserves.

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Principles Of Macroeconomics

ISBN: 9781264250356

8th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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