1. Tina walks into Ted's sporting goods store and buys a punching bag for $100. That $100 payment counts as for Tina and for Ted. L07.1 a. Income; expenditure. b. Value added; multiple counting. c. Expenditure; income. d. Rents; profits. 2. Which of the following transactions would count in COP? L07.1 Select one or more answers from the choices shown. a. Kerry buys a new sweater to wear this winter. b. Patricia receives a Social Security check. c. Roberto gives his daughter $50 for her birthday. d. Latika sells $1,000 of General Electric stock. e. Karen buys a new car. f. Amy buys a used car. https://online.macomb.edu/courses/32959/files/8989959?module_item_i
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Kerry buys a new sweater to wear this winter. This transaction would count in P because it is an expenditure. b. Patricia receives a Social Security check. This transaction would not count in P because it is income for Patricia, not an expenditure. c. Roberto Show more…
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