Classify each of the following as IN Africa's 2020 GDP or NOT IN Africa's 2020 GDP. Cars produced in 2019 but sold in 2020:  IN Africa's 2020 GDP,NOT IN Africa's 2020 GDP Cars produced in 2020 but sold in 2021:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Used cars sold in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Crude oil (used in the production of gasoline) produced in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Oil produced by an Australian company in Africa in 2020 (and sold to consumers):  IN Africa 2020 GDP, NOT IN Africa 2020 GDP Oil produced by Africa-owned companies outside of Africa (and sold to consumers) in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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  • Classify each of the following as IN Africa's 2020 GDP or NOT IN Africa's 2020 GDP.
    • Cars produced in 2019 but sold in 2020:  IN Africa's 2020 GDP,NOT IN Africa's 2020 GDP
    • Cars produced in 2020 but sold in 2021:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP
    • Used cars sold in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP
    • Crude oil (used in the production of gasoline) produced in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP
    • Oil produced by an Australian company in Africa in 2020 (and sold to consumers):  IN Africa 2020 GDP, NOT IN Africa 2020 GDP
    • Oil produced by Africa-owned companies outside of Africa (and sold to consumers) in 2020:  IN Africa 2020 GDP, NOT IN Africa 2020 GDP
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