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For each of the following scenarios, tell whether GDP would change and how each of the components of GDP would be affected. Honda expands its
For each of the following scenarios, tell whether GDP would change and how each of the components of GDP would be affected.
- Honda expands its factory in Marysville, Ohio.
- You buy a bucket of fried chicken.
- Cousin Fred buys a newly built house.
- A family buys a new washing machine made this year in this country.
- Chrysler sells a Jeep from its inventory to an American household.
- California repaves Highway 101.
- An Italian household buys a bottle of California wine.
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