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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 27
Which of the following transactions is included in the calculation of U.S. GDP?
A) General Mills buys oats to make Cheerios.
B) General Motors builds a pickup truck at a manufacturing facility in Brazil.
C) General Colin Powell purchases a Victorian-eramansion from former Vice President Al Gore.
D) General Electric purchases a machine that will be used to produce LED light bulbs.
A) General Mills buys oats to make Cheerios.
B) General Motors builds a pickup truck at a manufacturing facility in Brazil.
C) General Colin Powell purchases a Victorian-eramansion from former Vice President Al Gore.
D) General Electric purchases a machine that will be used to produce LED light bulbs.
Explanation
Verified
Verified
GDP refers to the market value of all fi...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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