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What components of GDP (if any) would each of the following transactions affect? Explain

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  1. What components of GDP (if any) would each of the following transactions affect? Explain.
    1. Uncle Fester buys a new refrigerator from a domestic manufacturer.
    2. Aunt Dolly hires a local contractor to build her a new house.
    3. The Huang family buys an old Victorian house from the Ellis family.
    4. You pay a hairdresser for a haircut.
    5. Ford sells a Mustang from its inventory to the Martinez family.
    6. Ford manufactures a Focus and sells it to Avis, the car rental company.
    7. California hires workers to repave Highway 66.
    8. The federal government sends your grandmother a Social Security check.
    9. Your parents buy a bottle of French wine.
    10. Honda expands its factory in Ohio.

 

 

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