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1 markNational Income Accounting

CAPE Economics Unit 2 · 2006 · Paper 1 · Question 2(a)(iii)

Identify the expenditure-based GDP components affected by given transactions.

State the components of GDP (expenditure-based) affected when your parents buy a bottle of French wine.

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Other parts of this question

  1. 2(a)(i)State the component of GDP (expenditure-based) affected when a family buys a new refrigerator.[1 mark]
  2. 2(a)(ii)State the component of GDP (expenditure-based) affected when Aunt Jane buys a new home.[1 mark]
  3. 2(a)(iv)State the component of GDP (expenditure-based) affected when the city council repairs a main highway.[1 mark]
  4. 2(b)State ONE limitation of GDP as a measure of economic well-being.[2 marks]

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