Which of the following transactions is included in the calculation of GDP? Group of answer choices The purchase of an apartment in the Melbourne Central Business District that was built in the 1960s The purchase of shares in a bank that is traded on the Australian Stock Exchange None of these options The purchase of a new computer by a university for educational purposes

Which of the following transactions is not included in GDP? Group of answer choices The purchases of shares in a bank that is traded on the Australian Stock Exchange All of the other options The purchase of a new car by a car rental company The purchase of a new building by the government. The new building will be used for a primary school.

Which of the following transactions is included in GDP calculations?A.Anne helps clean up her mother's house once a week.B.ED Co.Ltd purchases new debentures issued by Heyleys Co Ltd in the market.C.Rodger buys a new town house in Melbourne from the JK Builders.D.John sells his old car to purchase a new car.

Which of the following exchanges are not included in the calculation of GDP?Group of answer choicesUnderground activities; both legal and illegalGovernment expendituresTransfer paymentsBoth A and C

The table below shows components of GDP taken from the Australian national accounts. Component of GDP$billionsInvestment Imports170Indirect taxes80Consumption600Government spending180Compensation of Employees (wages)650Exports180Gross operating surplus340 Suppose the estimate of GDP is the same using the income and the expenditure approaches. Using this information calculate the level of GDP and deduce the amount of investment, in billions of dollars.Group of answer choicesGDP is $990 and investment was $200GDP is $910 and investment was $120GDP is $1070 and investment was $280None of the other answers

Identify how the following transactions affect current year’s Australian GDP andGNP. Briefly explain. (3 points each)a) A jar of Vegemite (produced by Kraft, a US company) is produced in PortMelbourne and sold in Darwin.b) The Australian government spends $400 billion, of which $50 billion are for theconstruction of schools, $80 billion for the construction of highways, 120$ billionfor the purchase of French submarines, $30 billion for unemployment benefits,$50 billion in wages for public servants, and $70 billion for hospitals and otherhealthcare.c) An Australian citizen living in France purchases real estate in the outskirts ofParis.d) Bluescope Steel, an Australian company, produces $150 million worth of steelbut is only able to sell $100 million worth to customers, with the remainingsteel stored in the Bluescope warehouse.Macroeconomic Analysis (ECON7074) Page 1 of 4