Indicate Whether the Following Transactions Would Be Included in GDP

question 28

Essay

Indicate whether the following transactions would be included in GDP. If they are included, indicate which component (consumption, investment, government consumption and gross investment, or net exports) of GDP would be affected.
a.A Czech student attending school in Florida takes a summer job as a lifeguard.
b.A New York company buys welding equipment from a St. Louis firm to help it build jet fighters.
c.The IRS purchases a new computer from the GATS computer company (an American-owned business producing and operating in Germany) that will allow it to better detect income tax evasion.

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Definitions:

Power Solution

This term could refer to a proposed or implemented strategy aimed at enhancing or utilizing power effectively to resolve issues or challenges.

Employee Empowerment

The practice of giving employees the authority, resources, and skills to make decisions and contribute to the company's success, often resulting in enhanced satisfaction and productivity.

Co-optation

A strategy to appease or neutralize potential opposition by integrating them into a decision-making or advisory process, often involving concessions.

Decision-making

The mental procedure of choosing a path to follow from several available options.