8
answers
0
watching
217
views
26 Nov 2019
If you buy a burger and fries at your favorite fast food restaurant,
-
then neither GDP nor consumption will be affected because you would have eaten at home had you not bought the meal at the restaurant.
-
then GDP will be higher, but consumption spending will be unchanged.
-
then GDP will be unchanged, but consumption spending will be higher.
-
then both GDP and consumption spending will be higher. Your purchase is a consumption good and therefore C and GDP both rise.
If you buy a burger and fries at your favorite fast food restaurant,
-
then neither GDP nor consumption will be affected because you would have eaten at home had you not bought the meal at the restaurant.
-
then GDP will be higher, but consumption spending will be unchanged.
-
then GDP will be unchanged, but consumption spending will be higher.
-
then both GDP and consumption spending will be higher. Your purchase is a consumption good and therefore C and GDP both rise.
12 Jun 2023
Already have an account? Log in
christopherc63Lv10
5 Nov 2022
Already have an account? Log in
teacherrecoLv10
19 Jul 2022
Already have an account? Log in
Nestor RutherfordLv2
26 Nov 2019
Already have an account? Log in