Carlos and Deborah Arnold live in Swarthmore, PA. Deborah's father, Felix, lives in Sweden. 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.
(1) Transaction Carlos's employer upgrades all of its computer systems using U. S-made parts.
(2) Carlos buys a sweater made in Guatemala.
(3) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
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Carlos and Deborah Arnold live in Swarthmore, PA. Deborah's father, Felix, lives in Sweden. For each...
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