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Expenditure approach to calculating gdp

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Reference no: EM132479102

Determine whether each of the following counts as consumption, investment, government purchases, net exports, or not included in GDP, under the expenditure approach to calculating GDP.

Consumption (C),

Investment (I),

Government purchases (G),

Net exports (NX),

Not included in GDP.

1) The Department of Motor Vehicles (DMV) which is operated by government buys a new machine for printing drivers' licenses.

2) A student pays rent on her apartment.

3) Someone buys a used Toyota car.

4) A student buying a new textbook.

5) Someone buys a new General Motors car produced in the United States.

6) The U.S. Army pays its soldiers.

7) Buying a new digital camera

8) Julie purchased 1,000 shares of Google stock.

9) Monthly Social Security payments received by retirees.

10) Lawn-mowing services performed by a neighborhood child.

11) Air pollution that diminishes the quality of air you breath.

12) Hewlett-Packard (HP) Company produces new computers.

13) Ford Company exports 1000 cars to Europe.

14) Drugs sold illegally on a local street corner.

15) Babysitting for your neighbor.

Reference no: EM132479102

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