Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

is 4th right and how to do the 5th QUESTION 4 Susan buys a bottle of French wine

ID: 1135319 • Letter: I

Question

is 4th right and how to do the 5th

QUESTION 4 Susan buys a bottle of French wine for $200. Because the wine was produced in France rather than in the United States, Susan's purchase is NOT INCLUDED in the GDP of the United States. Paradoxically, however, Susan's purchase enters the GDP accounts twice-but the two entries cancel each other out. When Susan purchased the wine, the Consumption because the wine was iported, the Net Exports category increased by $200, but - # category fell by $200. QUE in the GDP Steve exports of the United States. a new Dodge minivan to Australia for $42,000. That $42,000 payment explicitly included not explicitly included Submit to save and submit, Click Save All Answers to suve all nwers

Explanation / Answer

(Question 4)

Consumption increased by $200 and Net exports fell by $200 (Since Imports increased by $200, Net exports = (Exports - Imports) will fall by $200)

(Question 5) Explicitly included

Export of a newly produced good will be explicitly included in GDP.