Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please, solve this task 0 Indicate where each activity would be recorded on the expenditure side of GDP accounting [your choices are C (consumption), I

image text in transcribed

Please, solve this task

image text in transcribedimage text in transcribed
0 Indicate where each activity would be recorded on the expenditure side of GDP accounting [your choices are C (consumption), I (investment), G (government purchases), Ex (exports), in; (imports), and NR (not recorded)]. 0 For C, I and G identify the component 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). 0 For NR give a brief explanation 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 (a) A rm buys a laptop for an executive, and a rm pays the executive additional income to buy the laptop herself. (b) A housewife buys sh from a sherman, and a seafood restaurant buys sh from this sherman. (c) An airplane producer buys a company producing types, and an airplane producer buys 13mg from a typecompany. (d) An advertising agency purchases a new computer printer for its staff, and an advertising agency purchases toner for the computer's printer. (e) A family buys a new apartment from the construction rm, and a family buys a new apartment from another family. (f) A department store hires a retail sales clerk for the summer, and a department store buys goods from the wholesaler. (g) Mother buys a new automobile produced abroad to her son, and a taxi driver buys an automobile from the foreign company producing them in his country. (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 from the at owner for the sale of his at, and a at owner receives rental payments for his at. (i) 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. (I) 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 from 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. (s) 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Business

Authors: William NickelsJames McHughSusan McHugh

12th Edition

1259929434, 9781259929434

More Books

Students also viewed these Economics questions

Question

4. What means will you use to achieve these values?

Answered: 1 week ago