National income and product data are generally revised. What effects would the following revisions have on consumption,
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a. It is discovered that consumers bought $600 million more furniture than previously thought. This furniture was manufactured in Quebec.
b. It is discovered that consumers bought $600 million more furniture than previously thought. This furniture was manufactured in Sweden.
c. It is discovered that businesses bought $600 million more furniture than previously thought. This furniture was manufactured in Quebec.
d. It is discovered that businesses bought $600 million more furniture than previously thought. This furniture was manufactured in Sweden.
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Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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