Place the transactions below in their appropriatecategories in the GDP and calculate the overalleffect on the GDP of the United States.7. My total gasoline bill for a year ($1,500)8. A Chinese citizen buys a U.S. government bond ($5,000)9. A Landscaping firm's gasoline costs for a year ($2,500):10. A School district buys new uniforms for its basketball team ($1100)11. I invest in a fidelity mutual fund ($2,000)12. My total food cost for a year ($8,000)13. An American bank loans a German citizen ($5,000)14. An American buys a sewing machine to produce clothing for sale at a localflea-market ($500)15. A Mexican worker in the United States sends part of her paycheck back tofamily in Mexico ($2,000)

Hi! thanks for the question but as per the guidelines, we answer up to three subparts at one time.…

Answered: 7. My total gasoline bill for a year…

7. My total gasoline bill for a year ($1,500) 8. A Chinese citizen buys a U.S. government bond ($5,000) 9. A Landscaping firm's gasoline costs for a year ($2,500):

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 2QP

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