Jacques and Kyoko Klein live in Swarthmore, PA. Their son, Musashi, owns his own plumbing business.
For each of the following transactions, identify whether it is included in the calculation of U.S. GDP as part of personal consumption expenditures (C), gross private domestic investment (I), government consumption expenditures and gross investment (G), exports (X), or imports (M). Check all that apply.
Note: A product's inclusion in one category does not necessarily imply that it is excluded from other categories.
Transaction
C
G
X
M
Kyoko gets a new video camera made in the United States.
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
Jacques buys a sweater made in Guatemala.
Jacques's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China.
Musashi buys a new set of tools to use in his plumbing business.