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GDP includes only final goods. Now let's say you buy a new Ferrari, which includes all he usual staff inside, including a steering wheel. If
GDP includes only final goods. Now let's say you buy a new Ferrari, which includes all he usual staff inside, including a steering wheel. If you pay $200,000 for Ferrari( the whole thing) and te steering wheel inside cost them $800, how much should the Ferrari contribute to GDP
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In this scenario the purchase of the Ferrari would contribute to GDP but only the val...
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
