Ginny asks, If I buy a sweater that was produced in Malaysia, why is its purchase price

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Ginny asks, “If I buy a sweater that was produced in Malaysia, why is its purchase price subtracted from GDP?” How should you answer her question?

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Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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Question Posted: Jun 09, 2018 07:59 AM

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Ginny asks, If I buy a sweater that was produced in Malaysia, why is its purchase price

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You should explain to her that the money she spent showed up ...View the full answer

Macroeconomics Principles and Applications

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