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mikki93
mikki93
30.03.2020 • 
Mathematics

Please some one help me.
You have to answer what would be affected for each one. Then you have to determine if that scenario has increase, decrease, or no change.

C= Consumer Spending
I= Business Investment including inventory
G= Government Spending
Xn= Exports-Imports

Scenario Component of GDP Affected (C, I, G or Xn)

Effect on GDP (increase, decrease or no change)

1. A farmer purchases a new tractor
2. Businesses increase their inventories
3. You spend $7 to attend a movie
4. Ford has shut down auto to focus on making ventilators, and so purchases less
sheet metal for car manufacturing.
5. A retired man cashes his social security check from the government.
6. A French company purchases a one year membership to PartyPeople.com, a
U.S. based company
7. Worried about a recession, people begin saving more money.
8. The U.S. Government hires 10 Chinese translators for the CIA.
9. The government closes school for the month of March.
10. A person pays $450 a month to rent an apartment.

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