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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 35
Use the following news clip to work Problem.
Toyota and Honda Shift Production to North America
Toyota plans to stop exporting the Lexus RX to North America from Japan, building all of the vehicles in North America. The company will invest $98.3 million to boost its production capacity.
Honda Motor Co. will shift a major chunk of its manufacturing to North America and increase its production capacity by as much as 40 percent.
Explain how Toyota's and Honda's plans will influence U.S. GDP and its components.
Toyota and Honda Shift Production to North America
Toyota plans to stop exporting the Lexus RX to North America from Japan, building all of the vehicles in North America. The company will invest $98.3 million to boost its production capacity.
Honda Motor Co. will shift a major chunk of its manufacturing to North America and increase its production capacity by as much as 40 percent.
Explain how Toyota's and Honda's plans will influence U.S. GDP and its components.
Explanation
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Gross domestic product:
Gross domestic ...
Macroeconomics 11th Edition by Michael Parkin
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