1. Classify each of the following into the components of U. S. GDP: consumption expenditure, investment,

government purchases of goods and services, exports, or imports. Note any incident which would not be

counted.

A. A monthly check received by an economics student who has been granted a government grant

B. A farmer's purchase of a new tractor

C. An increase in business inventories

D. A barber is paid by an executive for a shave and haircut

E. A plumber's purchase of a two-year-old used truck

F. A purchase of a new car from Germany

G. A parts distributor builds a factory next to the Hyundai complex

Question

Maddison Cook

Business

17 March, 02:08

1. Classify each of the following into the components of U. S. GDP: consumption expenditure, investment,

government purchases of goods and services, exports, or imports. Note any incident which would not be

counted.

A. A monthly check received by an economics student who has been granted a government grant

B. A farmer's purchase of a new tractor

C. An increase in business inventories

D. A barber is paid by an executive for a shave and haircut

E. A plumber's purchase of a two-year-old used truck

F. A purchase of a new car from Germany

G. A parts distributor builds a factory next to the Hyundai complex

+1

Answers (1)

Know the Answer?

Carlos Sheppard · Answer 1

Classify each of the following into the components of U. S. GDP: consumption expenditure, investment, government purchases of goods and services, exports, or imports. Note any incident which would not be counted.

A monthly check received by an economics student who has been granted a government grant

Explanation:

A monthly check received by an economics student who has been granted a government grant does contribute to the GDP of US because it has nothing to do with investment, expenditure, government of goods and services, exports and imports