Tesla builds a new vehicle, and completes it in December 2015 . It sells the vehicle in January 2016 . The value of this vehicle affects U.S. GDP
a. for 2015 only, since it was completed in December of 2015.
b. for both 2015 and 2016
c. for 2016 only, when it is sold to the buyer.
d. for neither year if it is sold to a citizen of Canada.
b
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
The equilibrium price under an import quota is below the price that occurs with free trade
Indicate whether the statement is true or false
From 1970 to 2006, data representing average real income for U.S. households indicates that the rich have ________ and the poor have ________
A) gotten richer; gotten poorer B) gotten richer; also gotten richer C) gotten richer; gotten neither richer nor poorer D) gotten poorer; also gotten poorer
Economists who prefer a broader definition of money prefer the:
a. M4 measure of the money supply to the M1 measure. b. M2 measure of the money supply to the M1 measure. c. M3 measure of the money supply to the M2 measure. d. prefer the M1 measure of the money supply to the M2 measure.