How would each of the following transactions affect the GDP of the United States? a. The U.S.

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How would each of the following transactions affect the GDP of the United States?
a. The U.S. government pays $1 billion in salaries for government workers.
b. The U.S. government pays $1 billion to Social Security recipients.
c. The U.S. government pays a U.S. firm $1 billion for newly produced airplane parts.
d. The U.S. government pays $1 billion in interest to holders of U.S. government bonds.
e. The U.S. government pays $1 billion to Saudi Arabia for crude oil to add to U.S. government-owned oil reserves.
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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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