Economics

posted by .

What components of GDP (if any) would each of the following transactions affect?
Explain.
(b) Aunt Jane buys a new house.
(c) Ford sells a Mustang from its inventory.
(g) Honda expands its factory in Marysville, Ohio.

My Answers:
(b) Investment since I read that new housing is included in Investment component of GDP.
(c) Nothing since would it being sold from their inventory would be negative in GDP.
(g) Investment since a firm is expanding their factory.

  • Economics -

    trt

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Macroeconomics

    Can someone please help. What components of GDP (if any) would each of the following transactions affect?
  2. Economics

    Can someone please help. What components of GDP (if any) would each of the following transactions affect?
  3. Economics

    Can someone please explain what factors affect a country GDP?
  4. Economics

    Jane buys used picture frames at garage sales. She paints and decorates the frames and then sells them at craft fairs. List ways that the factor costs of Jane's business might increase?
  5. ENGLISH

    How would you rewrite the following claim to remedy problems of ambiguity?
  6. economics

    What are the following variables used for in economics: Nominal GDP, Real GDP, GDP Deflator and CPI?
  7. Civics ASAP PLZ =:)

    Which of the following situations would require an exchange of currency?
  8. Statistics

    1. Consider an experiment that consists of rolling a pair of dice. There are 36 possible outcomes for this experiment which are equally likely. What is the probability of getting a total of 3 or 5 for this experiment?
  9. economics

    Which goods would be included in the calculation of GDP?
  10. accounting

    You are a merchandiser that buys wild widgets from a vendor for $70 each, marks them up, and sells them for $100 each. Journalize the three transactions below.You use the perpetual inventory system and reduce inventory when it is sold. …

More Similar Questions