Business, 03.07.2020 21:01 sairaanwar67
Raphael and Susan Firth live in Swarthmore, PA. Their son, Alex, owns his own plumbing business.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U. S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a. Susan gets a new video camera made in the United States.
b. Alex buys a new set of tools to use in his plumbing business.
c. Raphael buys a sweater made in Guatemala.
d. Raphael's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China.
e. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Raphael and Susan's house.
Answers: 3
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Raphael and Susan Firth live in Swarthmore, PA. Their son, Alex, owns his own plumbing business.
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