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Suppose the following transactions occur during the current year: 1. Musashi orders 50 bottles of wine from a French distributor at a price of $30
Suppose the following transactions occur during the current year:
1. | Musashi orders 50 bottles of wine from a French distributor at a price of $30 per bottle. |
2. | A U.S. company sells 200 textbooks to a Canadian company at $45.00 per textbook. |
3. | Sean, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. company). |
Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year.
Hint: Be sure to enter a 0 if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative.
Amount | |
---|---|
(Dollars) | |
Consumption |
|
Investment |
|
Government Purchases |
|
Imports |
|
Exports |
|
Net Exports |
|
Gross Domestic Product (GDP) |
|
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