ECON102 Lecture Notes - Macroeconomics, Net National Product, Tax

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7 Aug 2014
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ECON102 Full Course Notes
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Income and expenditure must both rise: income and expenditure must both fall. It is counted and uses only the purchase price of the house in the year it is sold. Suppose that an apartment complex converts to a condominium where the renters are now owners of their former apartments. Suppose that an estimate of the value of the condominium owners" housing services is now the same as their former rent. Over the past few decades canadians have chosen to cook less at home and eat more at restaurants. What effect has this practice had on gdp: it has reduced measured gdp, it has had an ambiguous effect on gdp. The local chevrolet dealership has an increase in inventory of 25 cars in 2009. Darla, a u. s. citizen, only works in canada. How does the value added to production from her.

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