Through the first half of 2023, total new-vehicle sales in the U.S. were up more than 12%. This sales number included medium- and heavy-duty trucks, which are more often purchased by businesses than households. Which component of GDP is affected by purchases of new vehicles by businesses? Which component of GDP is affected by purchases of new vehicles by households? Explain.

Through the first half of 2023, total new-vehicle sales in the U.S. were up more than 12%. This sales number included medium- and heavy-duty trucks, which are more often purchased by businesses than households. Which component of GDP is affected by purchases of new vehicles by businesses? Which component of GDP is affected by purchases of new vehicles by households? Explain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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