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Which component of GDP will be affected by each of the following transactions? If you believe that none of the components of GDP will be
Which component of GDP will be affected by each of the following transactions? If you believe that none of the components of GDP will be affected by the transactions, briefly explain why.
a. You purchase a house built in 2010
b. Kmart services your old car.
c. An international tourist pays for accommodation in Melbourne.
d. A wheat farmer in NSW produces grain, which is shipped to the US.
e. A taxi company purchases a new car.
f. The government builds new roads to help improve access to mine sites in Queensland.
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