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Categorize each item below as a component of Gross Domestic Product (GDP): consumption, investment, government purchases, or net exports. a. A ticket to a local sporting event. b. A 55-cent taco c. A public school teacher's salary d. A dollhouse sold abroad e. A domestically manufactured business computer f. A domestically manufactured personal computer g. Ice cream h. Cab fare for personal use

Answer :

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Each items as a component of Gross Domestic Product (GDP) are:

Consumption:

  • Ice Cream
  • 55 cent tacos

Investment:

  • A domestically manufactured business computer

Government purchases

  • A public school teacher's salary

Net export:

  • An exported dollhouse

What is  Gross Domestic Product (GDP)?

Gross Domestic Product (GDP) can be defined as the overall value of goods and service that are produced and sold in the market during a particular period of time.

Based on the information given each items as a component of Gross Domestic Product (GDP) are:

Consumption:

  • Ice Cream
  • 55 cent tacos
  • A domestically manufactured personal computer
  • Cab fare for personal use
  • A ticket to a local sporting event

Investment:

  • A domestically manufactured business computer

Government purchases:

  • A public school teacher's salary

Net export:

  • An exported dollhouse

Inconclusion each items as a component of Gross Domestic Product (GDP) are:

Consumption:

  • Ice Cream
  • 55 cent tacos

Learn more about Gross Domestic Product (GDP) here:https://brainly.com/question/1383956

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