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1.1) What components of GDP (if any) would each of the following transactions affect? Explain. (10 marks) i) A family buys a new refrigerator. ii)

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1.1) What components of GDP (if any) would each of the following transactions affect? Explain. (10 marks) i) A family buys a new refrigerator. ii) You buy a new condominium. iii) The government spends on transfer payments such as social security. iv) Your parents buy a second-hand furniture. Honda expands its factory in Thailand. vi) The Thailand Department of Highways proposes the construction of new highways at a cost of 100 billion baht. vii) You buy a new house in London. viii) One of Thai companies expands its factory in Cambodia. ix) Retirees buy Thai listed companies' shares. X) You buy a lottery every month

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