Average: /1 Attempts: 3. Categories of expenditures Clancy and Eileen Chen live

Question

Average: /1 Attempts: 3. Categories of expenditures Clancy and Eileen Chen live in Swarthmore, PA. Eileen's father, Hubert, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in calculation of Uu.s. GDP as exports (X), or imports (M). Check all that apply. Transaction the part of consumption (C, investment (), government purchases (G), Elleen's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. Eileen gets a new video camera made in the United States Clancy's employer upgrades all of its computer systems using U.S.- made parts Eileen buys a new BMW, which was assembled in Germany. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Clancy and Eileen's house. Continue without saving

Explanation / Answer

1) Eileen's father in sweden orders a bottle of vermont maple syrup from the producers website - will come under X.

2)Eileen gets a new video camera made in the US-will come under C

3)Clancy's employer upgrades all of its computer system using US made parts- will come under I

4)Eileen buys a new BMW which was assembled in Germany-will come under C

5)The federal aviation administration expands the runways at philadelphia international airport which is just a few miles from clancy's and eileen house -will come under G

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