3. Categories of expenditures Shen and Valerie Ferrari live in Victoria, BC. Their son, Antonio, is an artist living in Montreal. For each of the
3. Categories of expenditures Shen and Valerie Ferrari live in Victoria, BC. Their son, Antonio, is an artist living in Montreal. For each of the following transactions, identify whether it is included in the calculation of Canadian GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply. Note: A product's inclusion in one category does not necessarily imply that it is excluded from other categories. Transaction C I G X M The Ferraris build an addition on their house. 0 The city of Victoria puts on a fireworks display for Canada Day. Valerie gets a haircut. O 0 Antonio paints a landscape and sells it to an art collector in Japan. 0 0 Shen buys a sweater made in Guatemala. 0
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