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Jump to... Shu t-EC 011 Principles of Macroeconomic- Fall18-LAW Activities and D

ID: 1137078 • Letter: J

Question

Jump to... Shu t-EC 011 Principles of Macroeconomic- Fall18-LAW Activities and Due Dates > Ch.4 9/19/2018 11:55 PM A 89.6/100 PrintCalculator Grade stion 7 of 17 Map Sapling Learning In the boxes below, please place the iterns into the bin it belongs to when calculating Gross Domestic Product (GDP). Either Consumption, Investment, Government, or Net Exports (or Trade Balance). If it is not included in GDP, leave it unplaced. Consumption Investment Goverment Net Exports A public school teachers salary An exported Cab fare for personal use B in cash and unreported paid for 55 cent tacos A Super Bowl ticketIce cream The purchase of company stock bought new from the NFL A domestically manufactured A domestically manufactured Social Security payments business computer Hint O Previous Give Up & View Solution Check Answer 0 Next Exit

Explanation / Answer

1) Consumption:

A domestically manufactured personal computer.

Cab fare for personal use.

Babysitting paid for in cash and unreported.

Ice-cream

55 cents tacos

A Super bowl ticket bought new from the NFL.

Investment:

A domestically manufactured business computer.

The purchase of company stock.

Government:

Social security payments.

A public school teacher's salary.