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For each good or service, identify whether each good or service is C, I, G, EX, and/or IM and whether it is increasing or decreasing.
For each good or service, identify whether each good or service is C, I, G, EX, and/or IM and whether it is increasing or decreasing. (HINT: It might be more than one.) Then determine whether the good or service increases, decreases, or does not change GDP.
Good or Service | 1. Is it C, I, G, EX, and/or IM? (Hint: It might be more than one) 2. Is it increasing or decreasing? | Increases, Decreases, or Does Not Change GDP?
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Households in the U.S. go on a binge of buying and eating U.S.-produced popcorn. | - Only affects C. - C increases. | Increases GDP. | |
Ronald, who is a U.S. citizen living in Delaware, buys a new car in Newark, DE which was built by a firm based in Mexico. | |||
The city of Omaha, NE purchases a new, German-made bus for $150,000. |
Aunt Jane buys a new home in Birmingham, MI in this year for $300,000. | |||
You sell a book you bought last year for $30 dollars to another student for $20. | |||
Rhonda gets a $60 massage at her local spa. | |||
A Parisian school purchases textbooks produced in Virginia for its English language program. | |||
You use $7 worth of office supplies you have lying around to make a homemade calendar for your personal use. | |||
Elaine hires a U.S. designer for $3000 flat fee to make a website for her startup. |
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