Which of the following policies could a relatively poor country adopt to promote

Question

Which of the following policies could a relatively poor country adopt to promote economic growth? Check all that apply.

9. Categories of expenditures Charles and Deborah Goldman live in Swarthmore, Pennsylvania. Their son, Patrick, 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). If the transaction needs to be accounted for in more than one category, check each applicable box. Transaction The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Charles and Deborah's house. Deborah gets a haircut. Charles's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Patrick buys a new set of tools to use in his plumbing business. Charles buys a sweater made in Guatemala.

Explanation / Answer

Expenditure made by governemnt (G) Consumption Expenditure (C) Export of services (X) Investment expenditure (I) Consumption (C) and Import of good (M)

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