Economics Homework Help

definitions for the following three key macroeconomic variable; real gross product, consumer price index and

unemployment. Formulas can be used.

Place each of the following transaction in one of the four components of expenditure: consumption, investment, government purchases, and net exports.

a. A domestic consumer buys a bicycle built in Italy

b. A domestic bicycle manufacturer builds a bicycle in December but for sale in January.

c. A domestic consumer sells a bicycle to and American consumer.

d. The Government of Ontario runs a bicycle training program.

e. A domestic bicycling manufacture buys the latest bicycle manufacturing equipment from a supplier in France.