Sign In Sign Up Ask an AI advisor
iviestrong7430
iviestrong7430
27.11.2019 • 
Business

Suppose the following four actions occur in the usa. how much would these combined actions add to us gdp in 2017? give a brief explanation justifying your answer. a. a japanese carpenter, living and working in the usa, purchases $3,000 worth of materials used directly in the production of a garage, which is then sold to smith, a canadian living in the usa, for $17,000. b. isabella goes to land she owns, cuts down a tree, and uses the wood to build a garage for personal use that is worth $15,000. c. you purchase a used computer from a friend for $400. d. joe spends $1000 on a stereo, and $20 on a haircut. e. ford (us company) builds cars and the total is valued at $20,000, in a factory in china. 2. the following transactions are recorded for stonyland 2017.
a. consumers spend $600 buying plastic bags, $400 buying bread, and $70 on imported peanut butter.
b. the government spends $80 buying bread and $200 buying imported peanut butter.
c. the bread company buys $50 of flour from a flour company and uses it entirely to make bread which they sell all of it to consumers. the bread company buys $100 of new bread machines from a domestic machine company.
d. the wheat company exports $50 of wheat. calculate 2017 stonyland gdp.

Solved
Show answers

Ask an AI advisor a question

I want advice