Question
Identify whether or not each of the following transactions would be included in GDP, and if it is included in GDP which expenditure component of
Identify whether or not each of the following transactions would be included in GDP, and if it is included in GDP which expenditure component of GDP it is part of. a. A Creditor receives interest on his debt. This transaction is (Click to select) included in excluded from GDP and is part of (Click to select) indirect taxes depreciation interest income government purchases corporate income net exports statistical discrepancy wages and salaries proprietors' income and rents investment none of the expenditure components of GDP consumption . b. An owner of a Canada Savings Bond receives interest on this bond. This transaction is (Click to select) included in excluded from GDP and is part of (Click to select) none of the expenditure components of GDP interest income investment statistical discrepancy indirect taxes corporate income net exports proprietors' income and rents consumption government purchases depreciation wages and salaries . c. An appliance manufacturer buys a new piece of production equipment. This transaction is (Click to select) excluded from included in GDP and is part of (Click to select) depreciation net exports investment proprietors' income and rents government purchases indirect taxes statistical discrepancy none of the expenditure components of GDP interest income wages and salaries consumption corporate income . d. A student is paid for shovelling a neighbour's sidewalk. This transaction is (Click to select) included in excluded from GDP and is part of (Click to select) interest income consumption investment proprietors' income and rents government purchases wages and salaries none of the expenditure components of GDP statistical discrepancy net exports corporate income depreciation indirect taxes . e. An unemployed carpenter receives an employment insurance payment. This transaction is (Click to select) included in excluded from GDP and is part of (Click to select) interest income statistical discrepancy corporate income none of the expenditure components of GDP indirect taxes net exports proprietors' income and rents depreciation consumption investment wages and salaries government purchases . f. A town council hires a contractor to do paving work on the town's roads. This transaction is (Click to select) included in excluded from GDP and is part of (Click to select) interest income consumption none of the expenditure components of GDP wages and salaries net exports investment proprietors' income and rents corporate income government purchases indirect taxes statistical discrepancy depreciation . g. A newspaper publisher buys newsprint to add to its inventories of supplies. This transaction is (Click to select) included in excluded from GDP and is part of (Click to select) corporate income consumption interest income depreciation proprietors' income and rents investment net exports none of the expenditure components of GDP wages and salaries indirect taxes government purchases statistical discrepancy . h. An electronic hobbyist sells a used computer to a friend. This transaction is (Click to select) excluded from included in GDP and is part of
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