GDP Expenditure Components Assignment | Homework For You
February 21st, 2020
Suppose the initial GDP expenditure components are as before: C= $3,000; 1 = $1,000; G = $1,500; Exp = $300; Imp = $800 (in thousands) The following additional transactions occur:
• Computer Inc. located in Michigan produces and sells $50 computers to US households and $50 computers to Canadian households
• Michigan electric co purchases $150 transformers produced in China.
• Hertz sells $120 used cars to Budget rental. The revised GDP is. Get Economics homework help today