Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.TransactionConsumptionInvestmentGovernment PurchasesNet ExportsYour parents buy a bottle of French wine. Uncle John receives a check from the federal government for unemployment insurance benefits. Ford manufactures a Focus and sells it to Avis, the car rental company. Your parents pay an accountant to file their tax returns. Ford sells a Mustang from its inventory to the Martinez family. Aunt Jane buys a new house from a local builder. Aunt Polly buys a new air conditioner from a domestic manufacturer. Texas hires public middle school teachers.

Answered: Indicate what components of GDP (if…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply.

Transaction	Consumption	Investment	Government Purchases	Net Exports
Your parents buy a bottle of French wine.
Uncle John receives a check from the federal government for unemployment insurance benefits.
Ford manufactures a Focus and sells it to Avis, the car rental company.
Your parents pay an accountant to file their tax returns.
Ford sells a Mustang from its inventory to the Martinez family.
Aunt Jane buys a new house from a local builder.
Aunt Polly buys a new air conditioner from a domestic manufacturer.
Texas hires public middle school teachers.

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