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Abel. Bemanlte and Croushore. 1IIII'i'1| edition. Chapter 2. Numerical Problems No. 2 {the same in the 9 and 3' editions]. National income and product data

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Abel. Bemanlte and Croushore. 1IIII'i'1| edition. Chapter 2. Numerical Problems No. 2 {the same in the 9" and 3'\" editions]. National income and product data are generally revised. What effects would the following revisions have on consumption. investment. government purchases. net exports. and GDP in the US? {a} It is discovered that consumers bought $6 billion more furniture than previously thought. This fumiture was manufactured during the current year in North Carolina. {b} It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured during the current year in Sueden. (c) It is discovered that businesses bought $6 billion more furniture than previously thought. This furniture was manufactured during the current year In North Carolina. {d} It is discovered that businesses bought $6 billion more furniture than previously thought. This fumiture was manufactured during the current year In Sweden

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