Question

Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports. If it is not included in GDP, leave it unplaced.

a. A domestically manufactured personal computer
b. 55 cent tacos
c. government welfare payments
d. the purchase of company stock
e. a ticket to a local sporting event
f. babysitting paid for in cash and unreported
g. A public school teacher's salary
h. A domestically manufactured business computer
i. Ice cream
j. An exported dollhouse
k. Cab fare for personal use

Answer 1

Step-by-step explanation:

Consumption:

(i) ice cream

(a) a domestically manufactured personal computer

(k) cab fare for personal use

(b) 55 cent tacos

(e) a ticket to a local sporting event

Investment:

-(h)A domestically manufactured business computer.

Government:

(g) A public school teacher's salary

(c) Government welfare payments

Net Exports:

(j) An exported doll house

Items that does not come under GDP

(d) The purchase of company stock

(f) Babysitting paid for in cash and unreported