Question: 4. [Macroeconomics: The Big Picture Measuring Production, Income, and the Spending of Nations] Using the Spending Approach, determine whether each of the following is

4. [Macroeconomics: The Big Picture Measuring Production, Income, and the Spending of Nations] Using the Spending Approach, determine whether each of the following is Consumption, Investment, Govemment Purchases, Net Exports, or not included in GDP, and briefly explain why. (a) A yoga studio purchases new yoga mats and straps. (b) An individual purchases a new yoga mat and straps for their home practice. (c) Someone receives an unemployment check from the government in the mail. (d) A public high school purchases new textbooks for its students. (e) A campus bookstore increases its inventory of textbooks. (f) Your parents purchase their dream home, newly built by a local contractor. (g) Your parents buy a vacation home from a friend who had owned that home for years. (h) You purchase falafel from a Turkish food stand, here in the US.

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