Suppose the following transactions occur during the current year:
1.Brian orders 50 bottles of champagne from a French distributor at a price of $75 per bottle.
2.A U. S. company sells 200 transistors to a Spanish company at $15.00 per transistor.
3.Edison, a U. S. citizen, pays $900 for a TV he orders from Cosmart (a U. S. company).
Complete the following table by indicating how the combined effects of these transactions will be reflected in the U. S. national accounts for the current year.
Hint: Be sure to enter a “0” if none of the transactions listed are included in a given category and to enter a minus sign when the balance is negative.
Amount
(Dollars)
Consumption
Investment
Government Purchases
Imports
Exports
Net Exports
Gross Domestic Product (GDP)
Answers: 2
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Suppose the following transactions occur during the current year:
1.Brian orders 50 bottles of cham...
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