Essay
Explain how each of the following transactions would affect GDP for the current year.Which spending categories are affected?
(A)Ford has 10,000 newly produced cars left over at the end of the year and adds them to its inventory.
(B)The state of California repaves Highway 80.
(C)The federal government decides to increase welfare payments.
(D)You take a trip to Mexico for spring vacation.
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(A) The 10,000 cars are added to invento...View Answer
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Correct Answer:
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