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For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U . S . GDP
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of US GDP as part of consumption C investment government purchases exports or imports Check all that apply. Transaction Eric buys a bottle of Italian wine. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Eric and Ginny's house. The Gaffneys build an addition on their house. Ginny gets a new refrigerator made in the United States. Kenji paints a landscape and sells it to an art collector in Canada.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of US GDP as part of consumption C investment government purchases exports or imports Check all that apply.
Transaction
Eric buys a bottle of Italian wine.
The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Eric and Ginny's house.
The Gaffneys build an addition on their house.
Ginny gets a new refrigerator made in the United States.
Kenji paints a landscape and sells it to an art collector in Canada.
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