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Unformatted text preview: department store sells the wool suit to a consumer for
. How much will these transactions
contribute to GDP?
(a) (b) (c) (d) . A wind farm in Iowa buys a large turbine generator from a Swedish-owned factory located in
Connecticut that uses workers who live in Connecticut. As a result,
(a) U.S. investment, GDP, and GNP all increase by the same amount.
(b) U.S. investment increases, but GDP and GNP are una ected by the purchase.
(c) U.S. investment and GDP increase by the same amount, but U.S. GNP increases by a smaller
(d) U.S. investment and GNP increase by the same amount, but U.S. GD...
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This document was uploaded on 03/21/2014.
- Spring '14