For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C),
investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
Transaction
C
I
G
X
M
Jake buys a sweater made in Guatemala.
0
?
The Lanes build an addition on their house.
?
?
?
?
?
The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway
23, which feeds into the center of Conshohocken.
?
?
?
?
?
Latasha gets a new refrigerator made in the United States.
?
?
?
?
?
Nick paints a landscape and sells it to an art collector in Canada.
?
?
?
?
?
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