4. Bob wins the lottery. This included in category of...

4. Bob wins the lottery. This ______ included in ______ category of GDP. a. is; the consumption b. is; the investment c. is; the government purchases d. is; the net export e. is not; any

Transcript

00:02 Okay, so we're asking about five different scenarios and we're trying to find whether or not they will affect the gdp and how they will do so.

00:11 So let's take a look at b first.

00:16 And i know it's starting with b.

00:17 I don't know why it is.

00:18 Just got to roll with it.

00:19 So a family buys a new television.

00:22 So we're going to assume that this family is in the country, the country that we are in.

00:28 So if family buys in television, that is an example of consumption.

00:32 They are spending money within their country.

00:35 And as a result, that's going to affect gdp.

00:40 Consuming will affect gdp.

00:42 So yes, gdp is affected.

00:54 And then what part of gdp is affected, we can put consumption.

01:01 Buying goods is all part of consumption.

01:05 C.

01:07 So you treat your saudi arabian friend to a nice dinner.

01:11 So the saudi arabian friend part is just a little, they're trying to play with you a bit.

01:17 Whether or not they're from saudi arabia or from your own country or anywhere else really doesn't matter, because in the end, you are the one purchasing the goods and you are still assumed to be in your home country.

01:28 So if you are buying stuff in your country, that is once again going to be consumption.

01:35 So once again, once again, you are again, yes, gdp is going to be affected.

01:40 Gdp is affected.

01:44 And then once again, because you are buying something directly, you are consuming and buying another good, it's going to fall under the category of consumption.

01:56 So being c you're done, let's move on to d.

01:59 So the bangladesh government allocates 500 khor takka for naval expenses.

02:05 So i'm going to assume that we're in bangladesh and the government of bangladesh, is going to be allocating money towards naval expenses.

02:14 This is a good example of government spending.

02:17 The government is allocating different resources.

02:19 They're allocating money towards different things, and that is government spending.

02:23 And that is a part of gdp, so yes, gdp will be affected.

02:26 So part d, once again, we've got a yes, gdp is effected, gdp is affected...

Question

4. Bob wins the lottery. This included in category of GDP. a. is; the consumption b. is; the investment c. is; the government purchases d. is; the net export e. is not; any

Question

4. Bob wins the lottery. This ______ included in ______ category of GDP. a. is; the consumption b. is; the investment c. is; the government purchases d. is; the net export e. is not; any

Please give Ace some feedback

4. Bob wins the lottery. This included in category of GDP. a. is; the consumption b. is; the investment c. is; the government purchases d. is; the net export e. is not; any