Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781285453545
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
Publisher: South-Western College Pub
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Question
Chapter 7, Problem 9CQ
(a)
To determine
Identify the contribution to
(b)
To determine
Identify the contribution to GDP when Person J spend $200 on parts and pays $400 to repair the machine.
(c)
To determine
Identify the contribution to GDP when Person J spends $200 on parts and rebuild the engine.
(d)
To determine
Identify the contribution to GDP when Person J sells her automobile for $5,000 and buys from Person S for $10,000.
(e)
To determine
Identify the contribution to GDP when Person J sells automobile for $5,000 and buys new car for $20,000.
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Macroeconomics: Private and Public Choice
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