Question $1$: Components of GDP $[2$ Points each; $12$ Points total$]$

For each of the following transactions, indicate whether it represents an increase in the U$.$S$.$

gross domestic product $($GDP$),$ and, if so$,$ state whether it represents U$.$S$.$ consumption,

investment, government purchases of goods or services, or net exports. If the transaction does

not change U$.$S$.$ GDP explain why not.

$($a$)$ You spent $$15,000$ on college tuition this year.

$($b$)$ Simao is a Portuguese citizen and works as a lab assistant in a laboratory in Santa Clara, CA$.$

$($c$)$ Toni buys a classic used $1965$ Ford Mustang from her friend Waddah for $$24,000.$

$($d$)$ Taco Bell buys $1000$ pounds of cheese from a dairy farmer in Wisconsin to make tacos.

$($e$)$ A toy factory in Connecticut produces $100$ plush dolls this year but were unable to sell them.

$($f$)$ A candy store in San Diego buys $$5000$ worth of chocolates made in Switzerland.