Suppose the following transactions occur during the current year: 1. Hubert orders 40 cases of mescal from
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Question:
Suppose the following transactions occur during the current year:
1. | Hubert orders 40 cases of mescal from a Mexican distributor at a price of $90 per case. |
2. | A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug. |
3. | Manuel, a U.S. citizen, pays $1500 for a laptop he orders from microell (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.
Consumption | |
Investment | |
Government Purchases | |
Imports | |
Exports | |
Net Exports | |
Gross Domestic Product (GDP) |
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