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QUESTION
Suppose a Canadian firm imports $1000 worth of bananas and sells them for $2000. What is the effect on Canadian GDP?
Suppose a Canadian firm imports $1000 worth of bananas and sells them for $2000. What is the effect on Canadian GDP?
The value of the Canadian GDP will increase by $1000. One method of calculating GDP is bymeasuring the total expenditures, that is, the amount paid for final goods and services.Expenditure...