Question
4. What components of GDP (if any) would each of the following transactions affect? Explain. a. Elisha buys a new air conditioner from a domestic
4. What components of GDP (if any) would each of the following transactions affect? Explain. a. Elisha buys a new air conditioner from a domestic manufacturer. b. Ivan hires a local contractor to build himself a new building. c. Annika buys an old mansion from Raphael. d. Julienne pays a hairdresser for a haircut. e. Ferrari sells a car from its inventory to Edward f. Toyota manufactures a Vios and sells it to a taxi company. g. The Philippines hires workers to repave EDSA
h. The AFP sends some veterans their social security check. i. Your parents buy a bottle of French wine. j. Ford expands its factory in Laguna.
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