To take part in discussions on talkSFU, please apply for membership (SFU email id required).
econ wording question...
Hey for all those of you in Econ 105, or was...
I'm having difficulty understanding the wording in this question...
So what I have to find is...
"Using the expenditure approach, which of the following would be directly counted as part of US GDP in 2005? In each case, state whether the action causes an increase in C, I, G, NX" for each example.
but this particular example,
"The sale of 50 acres of commercial property" is confusing me (probably because i'm thinking too much...)
in the example (in concordance to the expenditure approach), is the "sale" referring to a complete transaction between a seller or a buyer? or is the "sale" referring to a seller putting the property up with the intent to sell, but nobody has purchased it yet?
I'm having difficulty understanding the wording in this question...
So what I have to find is...
"Using the expenditure approach, which of the following would be directly counted as part of US GDP in 2005? In each case, state whether the action causes an increase in C, I, G, NX" for each example.
but this particular example,
"The sale of 50 acres of commercial property" is confusing me (probably because i'm thinking too much...)
in the example (in concordance to the expenditure approach), is the "sale" referring to a complete transaction between a seller or a buyer? or is the "sale" referring to a seller putting the property up with the intent to sell, but nobody has purchased it yet?
Comments