Business, 20.04.2021 19:50, Estrella2209
Determine the effect of the following transactions on GDP in the United States in 2017. a. Washing, Inc. produces washing machines in the United States. In 2017, it produced $250,000 worth of washing machines, but consumers only purchased $150,000 worth. multiple choice 1 Consumption expenditures increased by $150,000 and investment decreased by $100,000. Consumption expenditures increased by $250,000. Consumption expenditures increased by $150,000 and investment increased by $100,000. Consumption expenditures increased by $250,000 and net exports decreased by $100,000. b. Coffee, Inc. opens a new location and purchases $10,000 in used equipment. multiple choice 2 Consumption expenditures increased by $10,000. GDP remained unchanged. Investment increased by $10,000. Net exports increased by $10,000. c. Andy purchases $20 of coffee roasted and bagged in Colombia during 2017. multiple choice 3 Consumption expenditures increased by $20 and net exports decreased by $20. Net exports decreased by $20. Consumption expenditures increased by $20 and investment decreased by $20. Investment increased by $20 and net exports decreased by $20. d. The Jackson family hires Home Construction, Co. to build their new house in 2017. The total cost of the house was $175,000. multiple choice 4 Net exports increased by $175,000. Consumption expenditures increased by $175,000. Investment increased by $175,000. GDP remained unchanged.
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Determine the effect of the following transactions on GDP in the United States in 2017. a. Washing,...
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