Question
What components of GDP (if any) for Singapore would each of the following transactions affect? Explain. (a) The Singapore government hires teachers to provide free
What components of GDP (if any) for Singapore would each of the following transactions affect? Explain.
(a) The Singapore government hires teachers to provide free education to the people.
(b) A Singapore resident buys a bottle of foreign produced wine.
(c) A US Drugs Company set up a lab in Singapore for testing drugs.
(d) A Singapore couple buy a 5 years old resale HDB flat for $800,000.
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
