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Explain how each of the following changes would affect Canadian GDP: (a) There is an increase in Canadian-made machinery purchased in Canada (b) Canadians increase
Explain how each of the following changes would affect Canadian GDP:
(a) There is an increase in Canadian-made machinery purchased in Canada
(b) Canadians increase the amount of their savings
(c) A Canadian firm exports agricultural goods to India
(d) A restaurant in Toronto buys Canadian-grown fruits for use in its pies
(e) A car dealership in Toronto purchases new Hondas from Japan
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