In the following situations, explain what is counted (or is not counted) in this year’s GDP. Apple buys 1,000 motherboards for use in making new computers. Toyota produces 10,000 new Camrys that remain unsold at the end of the year.
In the following situations, explain what is counted (or is not counted) in this year’s GDP. Apple buys 1,000 motherboards for use in making new computers. Toyota produces 10,000 new Camrys that remain unsold at the end of the year.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 9CQ
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- In the following situations, explain what is counted (or is not counted) in this year’s
GDP .
Apple buys 1,000 motherboards for use in making new computers.
Toyota produces 10,000 new Camrys that remain unsold at the end of the year.
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