1.Consider the following economic activities. Identify to which component of expenditures each activity belongs (C, I, G, X, M), or not at all. (6 marks)

a)Fred of the Forest buys a new loincloth in preparation for his date with Angela.

b)Fred goes back to school at Langara College to get his BA in Vine Swinging.

c)While in school, Fred goes on a Spring Break vacation in Florida.

d)Fred has graduated and is getting paid to knock down trees by Treetop city.

e)Fred buys his first house.

Fred and Angela open up Treetop Bed and Breakfast, catering to foreigners