If| we added, for example, both the value of a new 2005 Ford Taurus sedan and the value of the Good Year tires Ford purchased from Good ... and, therefore, were already included in the previous perioda#39;s measure of GDP (e.g., the sale of a used car, used personal computer, etc.). 2. ... Learning Tip Economists focus on real GDP since it eliminates the effects of changing prices on the measure of) output.
Title | : | Study guide and tutorial [for] Macroeconomics third Canadian edition [by] Olivier Blanchard, David Johnson |
Author | : | David W. Findlay, Saeed Moshiri, Olivier J. Blanchard |
Publisher | : | - 2007 |
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