Indicate what components of GDP (if any) each of the following transactions would affect. Transaction Consumption Investment Government Purchases Net Exports
You pay a hairdresser for a haircut.
The Jackson family buys an old Victorian house from the Walker family.
You buy a new Toshiba computer.
Uncle John orders 10 new computers for his finance business.
Uncle Henry buys a new refrigerator from a domestic manufacturer.
Texas hires public middle school teachers.
Dell sells a desktop computer from its inventory to the Johnson family.
Ford manufactures a Focus and adds it to its inventory.

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Which plan offers a tax-free education?