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In: Economics

Which of the following transactions would be included in 2019 U.S. GDP?

The Expenditure Components of Nominal GDP

Which of the following transactions would be included in 2019 U.S. GDP? For those transactions which are included in U.S. GDP, indicate whether they should count as part of C, I, G, or NX. Assume that all buyers and sellers are domestic unless otherwise stated.

A. A household purchases a home in 2019 that was constructed and available for sale in 2018.

B. A household purchases 100 shares of Apple stock in 2019.

C. An increase in General Motors' inventory of unsold automobiles in 2019. D. A Social Security check received by a retired worker in 2019.

Ε. The purchase of a newly-produced Northrop jet fighter by the U.S. Air Force in 2019.

F. The purchase of Nike shoes produced in a Mexican factory in 2019. G. You spend the entire Thanksgiving weekend of 2019 cleaning the rain gutters of your house.

H. You pay the firm "In the Gutter" to clean the rain gutters of your house that same weekend.

Expert Solution

A) consumption(C). As the house is new and fresh for sell

B) Investment(I). Purchasing shares will give a return in the future.

C) Investment(I). It is an inventory investment.

D) Government expenditure(G)

E) Consumption(C)

F) Import(NX). As it is produced outside of the USA

G) Not included in GDP

H) Consumption(C)

Rahul Sunny answered 2 years ago

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