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For each of the following say where they will show up in GDP calculations (i.e. under C, I, G, Exports, Imports) and explain why. If
For each of the following say where they will show up in GDP calculations (i.e. under C, I, G, Exports, Imports) and explain why. If they do not show up anywhere, say so and explain why. a. A retired couple builds a new house in Spokane. b. The Washington State government builds a new bridge in Seattle. c. Mr. Tusk buys existing shares of GameStop stock. d. A car that was produced in Japan was purchased by an American family in Spokane. e. A toy manufacturer produces too many units of a toy this year; the toys do not sell this year, so the manufacturer adds the unsold toys to inventories. Will the unsold toys show up in GDP this year? If so, where? 2. In 2017, $5000 worth of cotton was produced in the US. This cotton was then turned into $9000 worth of thread, also in the US. This thread was then sold to a company in India where it was turned into cloth. This cloth was sold back to a company located in the US for $12000. This US company turned the cloth into shirts with a market value of $18000. $16000 worth of the shirts were purchased by US consumers and the remaining shirts were unsold. Use the above information to calculate the following for the US for the year 2017: Answers (S) US GDP Consumption or C Investment or I Exports Imports
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