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August 17, 2022

In each of the following cases, determine how much GDP and each of its components is affected?

I’m working on a developmental economics multi-part question and need guidance to help me learn.

In each of the following cases, determine how much GDP and each of its components is affected?

Ahmad spends $300 to buy his dinner at the finest restaurant in Boston.

answer

Abdul spends $1500 on a new laptop to use it in his software company in KSA.The laptop was built in China.

Answer

Jane spends $1200 on a computer to use in her editing business.She got last year’s model on sale for a great price from a local manufacturer.

Answer

General Motors builds $500 million worth of cars, but consumers only buy $470 million worth of them.

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