Word Bank:
government purchases
consumption spending
exports
imports
investment spending
Categorize each item below as a component of Gross Domestic Product (GDP): consumption, investment, government purchases, or imports ,exports.
a. A ticket to a local sporting event.______
b. A 55-cent taco._____
C. A public school teacher’s salary.______
d. A dollhouse sold abroad. ______
e. A domestically manufactured business computer. ______
f. A domestically manufactured personal computer. ______
g. Ice cream. ______
h.Cab fare for personal use ______