1. Into which category of aggregate expenditure would each of the following transactions fall? a. Sandra MacMillian purchases a new Ford Focus. b. The city of Richardson buys 5 new garbage trucks. c. Adrian Garcia buys a newly constructed townhome. d. A consumer in Latvia orders an iPhone from Apple. e. Ford Motor Company buys 300 new iPhones from Apple.
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It is composed of four components: consumption ($C$), investment ($I$), government purchases ($G$), and net exports ($NX$). Show more…
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