Follows-up: Question a), is it independent that purchase has been made in a tax free place, is it recorded anyway or only final value or value added for sale of wine will be recorded? Please confirm you answer Question b), shouldn't we be careful that it is not accounted again for having been product of buildings that were demolished, avoiding double counting and only include in GDP added value of new building since land already exists? Please confirm your answer

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 1SQ
icon
Related questions
Question
100%

Follows-up:

Question a), is it independent that purchase has been made in a tax free place, is it recorded anyway or only final value or value added for sale of wine will be recorded? Please confirm you answer
Question b), shouldn't we be careful that it is not accounted again for having been product of buildings that were demolished, avoiding double counting and only include in GDP added value of new building since land already exists? Please confirm your answer

 

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L