Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A recent change in the national income and product accounts is that the purchase of microcomputer software by a business is now treated as an
A recent change in the national income and product accounts is that the purchase of microcomputer software by a business is now treated as an investment, rather than as the purchase of an intermediate good. How will this change affect the net national product and gross national product? Contrast the effect in the short run and in the long run.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started