Question

Indicate whether each of the following affect consumption spending (C), investment spending (I), government spending (G), net export spending (NX), or none of the above (N). Enter only the letter given in parenthesis.

Carmax sells a three year old car to John  .

The government sends a social security payment to your grandfather  .

John spends his social security check on a new computer  .

Publix buys 4 new computers  .

You pay your tuition to UCF

2.

There are 25 unemployed people, 194 employed people, and 47 people are considered to be not part of the labor force. What is the labor force participation rate?

Enter a number (measured in percentage terms) rounded to two decimal places.

Do not enter a % sign.

3.

Which of the following is not a direct determinant of a country’s productivity?

Group of answer choices

human capital per worker

physical capital per worker

natural resources per worker

government spending per worker

Answer 1

1.

A) Carmax sells a three year old car to John - Consumption (C)

( as John spend money for the consumption of a car so it includes as consumption)

B) the government sends a social security payment to your grandfather - None

( as it is a transfer payment)

C) John spend his social security check on a new computer - Consumption (C)

D) Publix buys 4 new computers - Investment ( I)

E) you pay your tuition to UCF - Consumption (C)

2.

labor force participation rate = Labor force / workforce

= (25 + 194) / ( 25 + 194 + 47)

= 0.823308

= 82.33% ( rounded to two decimal place)

3. Ans - government spending per worker

** we are only allowed to answer 1st question, however i answer all. Please hit like, if satisfied**