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For each of the following, explain how US GDP is affected, and note where in the National Income and Product Accounts (expenditures approach) the transaction
For each of the following, explain how US GDP is affected, and note where in the National Income and Product Accounts (expenditures approach) the transaction would be recorded. a) The state government in NC spends $100 million on energy infrastructure investment (building new transmission lines across the state.) b) A Durham restaurant purchases $10,000 of imported salmon from Chile and sells $20,000 worth of salmon dinners. c) A local retail bakery decides to expand, spending $1 million on building a new baking facility, and installing new ovens, mixers, and packaging equipment costing $50,000. d) Tesla produces 10,000 Model 3 cars worth $440 million this year (2021), but sells 12,000 Model 3 cars, 2000 of which (worth $88 million) were produced in 2020
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