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    Đào Thị Thùy Trang
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    This document discusses how different transactions would affect components of GDP. It states that Uncle Fester buying a refrigerator from a domestic manufacturer would increase consumption (C) and GDP, as it is household consumption. It also mentions that Aunt Dolly hiring a local contractor to build a new house would affect a component of GDP, but does not specify which.

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    This document discusses how different transactions would affect components of GDP. It states that Uncle Fester buying a refrigerator from a domestic manufacturer would increase consumption (C) and GDP, as it is household consumption. It also mentions that Aunt Dolly hiring a local contractor to build a new house would affect a component of GDP, but does not specify which.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views1 page

    Macroeconomics

    Uploaded by

    Đào Thị Thùy Trang
    This document discusses how different transactions would affect components of GDP. It states that Uncle Fester buying a refrigerator from a domestic manufacturer would increase consumption (C) and GDP, as it is household consumption. It also mentions that Aunt Dolly hiring a local contractor to build a new house would affect a component of GDP, but does not specify which.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    GDP

    1. What components of GDP (if any) would each of the following transactions
    effect? Explain?
    a. Uncle Fester buys a refrigerator from a domestic manufacturer.
     C rises, GDP rises. It is consumption of households.
    b. Aunt Dolly hires a local contractor to build a new house.

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