Explain which expenditure component GDP would be affected by these transactions, if any. a. The federal government legalizes marijuana. b. An individual sells his own house. c. An individual sells his house through a real estate broker.

Explain which expenditure component GDP would be affected by these transactions, if any. a. The federal government legalizes marijuana. b. An individual sells his own house. c. An individual sells his house through a real estate broker.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 4QP

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Economic

the options are consumption expenditure, investment expenditure, government expenditure, net export expenditure, GDP is not affected

Explain which expenditure component of GDP would be affected by these transactions, if any.
a. The federal government legalizes marijuana.
b. An individual sells his own house.
c. An individual sells his house through a real estate broker.
d. You buy a pizza.
e. Your parents buy a bottle of Chilean wine.
f. Newfoundland repaves the Trans-Canada Highway.

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