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A number of economists contend that official measures of Canadian gross private investment expenditures are understated. Part 2 For instance, household spending on education, such
A number of economists contend that official measures of Canadian gross private investment expenditures are understated. Part 2 For instance, household spending on education, such as college tuition expenditures, is counted as consumption. Some economists suggest that these expenditures, which amount to 6 percent of GDP, should be counted as investment instead. Based on this 6 percent estimate and the estimated 2020 Q2 GDP being $ million, how many millions of dollars would shift from consumption to investment if this suggestion was adopted? $ enter your response here million would shift from consumption to investment if this suggestion was adopted. (Enter your response rounded to the nearest whole number.)
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