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GDP is the value of final goods and services produced during a given period of time in monetary terms. GDP is the sum of consumption, investment, government service and net exports suppose that the person buys a new car from Country US producer. This increases the consumption of the Country US and other factors remain the same.
This increases the GDP of Country US. US GDP increases. Therefore, consumption rises, and it is neither exported nor imported. Hence, next exports do not change. Thus, option d (consumption rises, and net exports do not change) is correct.
Suppose that the person buys a new car that is imported from Country S. this transaction increases the consumption and increases the imports by the same amount. With increase in imports, net exports decreases. No change in GDP of country US. US GDP does not change Therefore, consumption rises and net exports fall.
Thus, option a consumption rises and net exports fall) is correct. suppose that the person's car rental business buys a new car from Country US producer. This increases the investment of the Country US and other factors remain the same. This increases the GDP of Country US. US GDP increases.
Therefore, investment rises, and it is neither exported nor imported. Hence, next exports do not change. Thus, option b (investment rises, and net exports do not change) is correct.
suppose that the person's car rental business buys a new car that is imported from Country S. this transaction increases the investment and increases the imports by the same amount.
.
With increase in imports, net exports decreases. No change in GDP of country US. US GDP does not change Therefore, investment rises and net exports fall. Thus, option c investment rises and net exports fall) is correct. suppose that government of Country US buys a new domestically produced car.
This transaction increases the government purchases, but net exports do not change. This increases the GDP of the country. US GDP increases Thus, option a (net exports do not change and government purchases rise) is correct.
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