Which of the following activities of a computer manufacturer during the current year are included in this year’s measure of GDP? The manufacturer produces a chip in June, uses it as a component in a computer in August, and sells the computer to a customer in November. A retail outlet of the firm sells a computer completely built during the current year. c. A marketing arm of the company receives fee income during the current year when a buyer of one of its computers elects to use the computer manufacturer as her Internet service provider
Which of the following activities of a computer manufacturer during the current year are included in this year’s measure of GDP? The manufacturer produces a chip in June, uses it as a component in a computer in August, and sells the computer to a customer in November. A retail outlet of the firm sells a computer completely built during the current year. c. A marketing arm of the company receives fee income during the current year when a buyer of one of its computers elects to use the computer manufacturer as her Internet service provider
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following activities of a computer manufacturer during the current year are included in this year’s measure of
- The manufacturer produces a chip in June, uses it as a component in a computer in August, and sells the computer to a customer in November.
- A retail outlet of the firm sells a computer completely built during the current year.
c. A marketing arm of the company receives fee income during the current year when a buyer of one of its computers elects to use the computer manufacturer as her Internet service provider
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