A california-resident elac student purchases a new textbook


For each activity below, indicate where the activity would be recorded on "expenditure" side of U.S. GDP accounting. Your choice are C,I,G,GX(exports),IM(imports) and NR(not recorded). Gave a brief explanation for each answer, one sentence should suffice.

1. A family from Sweden, visiting ELAC(college), buys jewelry from a vendor on a college street.

2. A California-resident ELAC student purchases a new textbook that was printed in Singapore.

3. Bancroft Clothing buys ELAC sweatshirts that were made in Vietnam. The sweatshirts do not sell.

4. The local school district pays it's teachers their monthly salaries.

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Business Management: A california-resident elac student purchases a new textbook
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