Gross Domestic Product

Instructions: 0 Indicate where m activity would be recorded on the exp_enditure side of GDP accounting [your choices are C (consumption), I (investment), G (government purchases), Ex (exports), (a; (imports), and NR (not recorded)]. For C, I and G identify the commnent of these types of spending (for consumption spending expenditures on current consumption, expenditures on durable goods, payments for services; for investment spending expenditures on new equipment, expenditures on new non- residential construction, expenditures on new residential construction, inventory investment; for government purchases expenditures on consumption goods, expenditures on investment goods; payments to government employees). For NR ive a brief ax [auction of the reason in each case. Instruction. Do not rewrite the tasks, put your answers in the following table: - The rst transaction The second transaction I (h) The city government pays pensions to the former bus drivers, and the city government pays a salary to a reman. (i) A realtor receives income om the at owner for the sale of his at, and a at owner receives rental payments for his at. (1) An airplane producer sells a new jet to a domestic airline, and an airplane producer sells a new jet to a foreign airline. (k) An airline sells one of its planes to an individual, and an airline constructs a new airport. (1) A football fan buys a ticket for a football match, and a football fan sells the free ticket to a more rabid fan. (m) A farmer buys a horse train the stud for his farm, and a farmer buys an additional piece of land. (11) A person buys a common stock, and a person receives stock dividends. (o) A rm increases inventories of unsold goods, and a rm pays for an advertisement of its production. (p) A carpenter builds a country house for his family, and a carpenter helps his friend to build a country house. (q) The local government buys four new buses produced abroad and the local government gives subsides to the local producers. (r) A person deposits his money on his bank account, and a person buys antique furniture. (5) A dealer receives commission fee for the sale of bonds and shares, and a gallery owner receives income for the sale of the Rembrandt's picture