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7 2. Categories of expenditures Jake and Latasha Lane live in Swarthmore, PA. Latasha's father, Nick, lives in Sweden. For each of the following transactions,
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2. Categories of expenditures Jake and Latasha Lane live in Swarthmore, PA. Latasha's father, Nick, lives in Sweden. For each of the following transactions, Identify whether it is included in the calculation of U.S. GDP as part of consumption (C), Investment (D), 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 Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Jake and Latasha's house. Latasha gets a new video camera made in the United States, Nick in Sweden orders a bottle of Vermont maple syrup from the producer's website. Latasha buys a new BMW, which was assembled In Germany. Jake's employer upgrades all of it's computer systems using U.S.-made partsStep by Step Solution
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