Business, 06.03.2020 09:38 eriter3574

Yakov and Ana Wong live in Swarthmore, PA. Their son, Charles, owns his own plumbing business.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U. S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.

Transactions:
1. Yakov buys a bottle of Italian wine.
2. Charles buys a new set of tools to use in his plumbing business.
3. Yakov's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China.
4. Ana gets a haircut.
5. The town of Swarthmore puts on a fireworks display for the Fourth of July.

Answers: 3

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Yakov and Ana Wong live in Swarthmore, PA. Their son, Charles, owns his own plumbing business.

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