2. Accounting for trade in goods and services Suppose the following transactions occur during the current...

2. Accounting for trade in goods and services

Suppose the following transactions occur during the current year:

1.	Dmitri orders 50 cases of beer from a Dutch distributor at a price of $40 per case.
2.	A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor.
3.	Jake, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. company).

Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year.

Hint: Be sure to enter a “0” if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative.

	Amount
	(Dollars)
Consumption
Investment
Government Purchases
Imports
Exports
Net Exports
Gross Domestic Product (GDP)

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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