Question
Determine if each of the items listed below should be included in GDP and under which component using the expenditure approach to measure GDP. Consumption
Determine if each of the items listed below should be included in GDP and under which component using the expenditure approach to measure GDP. Consumption (C), Investment (I), Government (G), Exports or Imports (NX), orNot included in GDP (NI).
1. A stereo produced and sold in Canada by a Japanese company. ________
2. Payments to the dentist for braces. ____________________
3. Groceries bought by people. __________
4. The purchase of a plane ticket to London on British Airways. __________
5.A purchase of a brand new car________________
6. A new factory built by a Canadian Company in Vancouver. ____________
7. The sale of a previously occupied house. ___________________
8. A bottle of French wine, sold in Canada. ___________________
9. A television produced in Canada, but not sold. _______________
10. A home cooked meal. ___________________________
11. A dinner at a restaurant. ________________________
12. A computer produced in Canada and sold in the United States. _______
13. A new provincial highway built in Ontario. _________________
14. A purchase at a Walmart store in Toronto. _______________________
15. The sale of a newly constructed home. ________________________
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