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Provide an explanation for how the following situations are accounted for in the expenditure approach to determining GDP. Situation 1: A new truck is produced
Provide an explanation for how the following situations are accounted for in the expenditure approach to determining GDP.
Situation 1: A new truck is produced in Canada and sold to a Canadian business that uses the truck to make deliveries.
Situation 2: A new computer is imported from China and sold to a consumer in Canada at a store downtown
Situation 3: A person fixes their own car using supplies that they have owned for years.
please be detailed, thank you so much!
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