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I) For each of the following transactions. determine if it takes place in the market for goods and services or the market for factors of
I) For each of the following transactions. determine if it takes place in the market for goods and services or the market for factors of production. Then, determine the direction of the ow of goods and services and the ow of money between households and firms. 3. Labanya purchases a robotic vacuum cleaner on Amazon for 53'3'5. h+ Matt gets paid $3.000 to teach a creative writing class at his local community college. c. Dollar General hires I0 new workers at the federal minimum wage to staff a new store. d. 96 million people purchased a monthlyf Spotify premium subscription for 510 last month. 2) A U.S.-owned automobile factory uses $50 million worth of materials produced in the U.S. and $10 million worth of material purchased from foreign countries to produce $100 million of automobiles. $70 million worth of these automobiles are purchased by U.S. consumers, $25 million are sold in foreign countries, and $5 million are added to inventory. How much of this production is included in U.S. GDP and in which component
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