5. When the Japanese car maker Toyota expands one of its car factories in Canada, what is...

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5. When the Japanese car maker Toyota expands one of its car factories in Canada, what is the likely impact of this event on Canada's GDP?

a. Canada's GDP rises.

b. Canada's GDP falls because Toyota is a foreign- owned company.

c. GDP falls in Canada and is unchanged in Japan.

d. It is difficult to say what happens to Canada's GDP.

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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5. When the Japanese car maker Toyota expands one of its car factories in Canada, what is...

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Principles Of Macroeconomics

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