1. Classify each of the following into the components of U. S. GDP: consumption expenditure, investment,
government purchases of goods and services, exports, or imports. Note any incident which would not be
counted.
A. A monthly check received by an economics student who has been granted a government grant
B. A farmer's purchase of a new tractor
C. An increase in business inventories
D. A barber is paid by an executive for a shave and haircut
E. A plumber's purchase of a two-year-old used truck
F. A purchase of a new car from Germany
G. A parts distributor builds a factory next to the Hyundai complex