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book Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch cover

Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Edition 1ISBN: 978-0077332648
book Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch cover

Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Edition 1ISBN: 978-0077332648
Exercise 1
If car companies produce a lot of cars this year but hold the new models back in warehouses until they release them in the new-model year, will this year's GDP be higher, lower, or the same as it would have been if the cars had been sold right away? Why? Does the choice to reserve the cars for a year change which category of expenditures they fall under?
Explanation
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Gross domestic product (GDP):
GDP refer...

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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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