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

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

a. Uncle Fester buys a new refrigerator from a domestic manufacturer. 

b. Aunt Dolly hires a local contractor to build her a new house.

c. The Huang family buys an old Victorian house from the Ellis family. 

d. You pay a hairdresser for a haircut. 

e. Ford sells a Mustang from its inventory to the Martinez family.

f. Ford manufactures a Focus and sells it to Avis, the car rental company. 

g. California hires workers to repave Highway 66. 

h. The federal government sends your grandmother a Social Security check. 

i. Your parents buy a bottle of French wine.

j. Honda expands its factory in Ohio.

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Principles Of Economics

ISBN: 9780357722718

10th Edition

Authors: N. Gregory Mankiw

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