Question
Delta Air Lines sells one of its jets to Jennifer Lawrence for $100 million. In the context of GDP. Why is $0 added to GDP
Delta Air Lines sells one of its jets to Jennifer Lawrence for $100 million.
In the context of GDP. Why is $0 added to GDP and not the $100 million?
is it because the jet is considered to be an intermediate good to Jennifer Lawrence? Or because it is a second-hand good that has already been counted for in the GDP when Delta air lines first purchased the jet from say,ing Boeing?
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
