Question

please help me solving these and make sure the answer is correct 100%

What components of GDP (if any) would each of the following transactions affect? Explain your answer.                                                                                                                                         

1. Tarek buys a new car from a local car dealer.
2. You buy new laptop from X-cite store.
3. Ford purchased a new warehouse in Venezuela to manufacture more cars in the region.
4. The government hires more workers to build new highways in the country.
5. Kuwait country is importing and exporting products from England.
6. KDD expands its factory in Bahrain.

2.

Answer the below comprehensive questions: Q.1: Match the following key terms with the right description: 1- "Not in the Labor a. is also referred to as “output”. Force" b. example, Karen pays Bill $100 to cut the grass. Bill is selling his service, and Karen is buying it. Karen spends 2- Adult population perfcaequally to the economy's income and to its expenditure. 2 Whether measured as total income or total expenditure, GDP rises by $100. 3- Cyclical c. is calculated by adding the number of labor force with unemployment the number of people not in labor force. 4- Total income d. This category includes those who were not employed, must equal Total were available for work, and had tried to find expenditure employment during the previous four weeks. 5- Gross domestic e. is the shift of the unemployment rate into an unexpected product (GDP) value or norm rates.

Answer 1

What components of GDP (if any) would each of the following transactions affect? Explain your answer.

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Tarek buys a new car from a local car dealer. Consumption expenditure rises. This is an example of a consumer purchasing a product.

You buy new laptop from X-cite store. Consumption expenditure rises. This is an example of a consumer purchasing a product.

Ford purchased a new warehouse in Venezuela to manufacture more cars in the region. No change in GDP of Kuwait. Neither is the company Kuwait based, nor is the activity.

The government hires more workers to build new highways in the country. Government expenditure rises. The government is spending money to improve public services.

Kuwait country is importing and exporting products from England. Net Exports change. The NX component consists of exports and imports.

KDD expands its factory in Bahrain. Investment expenditure rises. The firm is expanding and spending on capital.

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Match the following:

1. Not in the labor force: Correct choice d.

2. Adult population: Correct choice c.

3. Cyclical unemployment: Correct choice e.

4. Total income must equal Total expenditure: Correct choice b.

5. Gross Domestic Product: Correct choice a.