Question
Diddy spends $1,500 on a new laptop to use in his business in San Francisco. The laptop was built in Canada. Pick the answer that
Diddy spends $1,500 on a new laptop to use in his business in San Francisco. The laptop was built in Canada. Pick the answer that describes the overall effect of how U.S. GDP and each of its components changes for the current year.
a. Investment spending and net exports both increase by $1500
b. Investment spending and net exports both increase by $1500, GDP increases by $3000
c. Investment spending increases by $1500, net exports decreases by $1500
d. Consumption spending and net exports both increase by $1500, GDP increases by $3000
e. Consumption spending increases by $1500, net exports decreases by $1500
f. Consumption spending and GDP both increase by $1500
g. Investment spending and GDP both increase by $1500
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