How would each of the following transactions affect the GDP of the United States? (LO1) a. The
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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.
government-owned oil reserves.
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Related Book For
Principles Of Macroeconomics
ISBN: 9781259414367
6th Edition
Authors: Robert Frank, Ben Bernanke, Kate Antonovics
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