In measuring GDP from the expenditure side (GDP = C_a + I_a + G_a + NX_a), which

Question

In measuring GDP from the expenditure side (GDP = C_a + I_a + G_a + NX_a), which of the following expenditures are included and within which of the four categories? (Unless stated otherwise, all consumers and firms are Canadians, and all goods and services are Canadian-made.) Expenditures on furniture by consumers are in the category of Expenditures on furniture by firms are in the category of Expenditures on new machinery by Canadian-owned forest companies located in Canada are in the category of Expenditures by Canadian-owned forest companies located in the United States on new machinery are in the GDP of the USA ... in the category of Expenditures on new machinery by U.S.-owned forest companies located in Canada are in the category of Increases in business inventories are ... in the category of Purchases of second-hand cars and trucks are ... because they were counted in the prior year(s) when they were produced. The hiring of kindergarten teachers by the Manitoba government is in the category of The purchase of Canadian-produced software by a firm in china is in the category of.

Explanation / Answer

(a) Included in Consumption.

(b) Included in Investment

(c) Included in Investment

(d) Included in Net Exports

(e) Included in Net exports

(f) Included in Investment

(g) Excluded (since they were counted in prior years)

(h) Included in Net exports

(i) Included in Net exports

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