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20 September, 08:34

Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Firedog spends $150. Hubert spends $1,000. Better Buy spends $900.

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  1. 20 September, 08:56
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    Sam pays Better Buy $1,000 to install a new high - definition television (HDTV) on his living room wall. He's attracted by Better Buy's guarantee that he'll be happy with the new HD1V, or he'll get his money back.? Better Buy pays Firedog $900 to install the HDTV.? Firedog buys hardware worth $150 from The Home Station. Assume that The Home Station gets the hardware for essentially nothing and that other costs are $0. To compute the contribution to GDP using the expenditure approach. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Sam spends $1,000. El Better Buy spends $900. El Firedog spends $150. The total contribution to GDP, measured by the expenditure method,

    Answer:

    Sam spending of $1000

    Explanation:

    Sam's expenditure is a household consumption expenditure

    Since AE = C + I + G + NX

    where AE = aggregate expenditure for GDP

    C = household consumption

    I = investment on capital goods

    G = government expenditure

    NX = net export.
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