Determine Whether Each of the Following Transactions Will Be Counted

question 218

Essay

Determine whether each of the following transactions will be counted in the 2005 GDP of the United States. If the transaction is counted, identify which expenditure component (personal consumption, gross investment, government consumption and gross investment, or net exports) will be affected.
a.Norm, a frequent visitor to a local bar, purchases a Budweiser beer. (Budweiser beer is domestically produced.)
b.The owner of the local bar purchases a new domestically made cooler unit in which to store his beer.
c.Carla, a U.S. foreign exchange student, works her way through college in Germany as a waitress in a bar.
d.On her night off, Carla purchases a Budweiser beer for her friend in the German bar.

---

Definitions:

Clan

A group of people united by actual or perceived kinship and descent, often sharing a common ancestor.

Iroquois Terminology

Iroquois terminology consists of words, phrases, and concepts specific to the Iroquois, a group of Indigenous peoples of North America known for their political confederacy and impactful cultural practices.

Mother's Brother

in anthropology, emphasizes the role of a mother's brother (maternal uncle) in kinship systems, which can vary in importance and function across different cultures.

Mother's Sister

Often referred to as an aunt, this term emphasizes the relationship from the perspective of one's mother's sibling.