lumber mill in BC, Canada cut Canadian trees into ear, but ended in inventory only to be sold this yea e expenditure side in THIS year? O a. None of the answers offered are accurate. O b. 5322715.00 increase in exports only Oc no change in exports this year, since they wer O d. consumption increases by $322715.00 and so

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
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A lumber mill in BC, Canada cut Canadian trees into softwood lumber, which it then exports to US. If the trees were cut last
year, but ended in inventory only to be sold this year for 322715 $, what is the effect on the components of Canadian GDP on
the expenditure side in THIS year?
O a. None of the answers offered are accurate.
O b. $322715.00 increase in exports only
O c no change in exports this year, since they were cut last year
O d. consumption increases by $322715.00 and so do exports
O e. $322715.00 increase in exports and $322715.00 decrease in investment.
ion
Transcribed Image Text:A lumber mill in BC, Canada cut Canadian trees into softwood lumber, which it then exports to US. If the trees were cut last year, but ended in inventory only to be sold this year for 322715 $, what is the effect on the components of Canadian GDP on the expenditure side in THIS year? O a. None of the answers offered are accurate. O b. $322715.00 increase in exports only O c no change in exports this year, since they were cut last year O d. consumption increases by $322715.00 and so do exports O e. $322715.00 increase in exports and $322715.00 decrease in investment. ion
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