1.

Suppose a TV was manufactured 5 years ago in 2013, and it had a market value of 50,000. However, demand for TVs was very low and so it was left unsold. Now, in 2018, it is sold for a market price of 80,000. What amount is added to the GDP of the economy in 2013 with respect to this single TV?

Answer»

Suppose a TV was manufactured 5 years ago in 2013, and it had a market value of 50,000. However, demand for TVs was very low and so it was left unsold.

Now, in 2018, it is sold for a market price of 80,000. What amount is added to the GDP of the economy in 2013 with respect to this single TV?




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