Toyota to Shift U.S. Manufacturing Efforts Toyota announced it planned to adjust its U.S. manufacturing operations to meet customer demands for smaller, more fuel-efficient vehicles. In 2008, Toyota started building a plant to produce the 2010 Prius for the U.S. market in Blue Springs, Mississippi. Earlier models of the Prius were produced in Asia. Source: CNN, July 10, 2008 14. Explain how this change by Toyota will influence U.S. GDP and the components of aggregate expenditure.
Toyota to Shift U.S. Manufacturing Efforts Toyota announced it planned to adjust its U.S. manufacturing operations to meet customer demands for smaller, more fuel-efficient vehicles. In 2008, Toyota started building a plant to produce the 2010 Prius for the U.S. market in Blue Springs, Mississippi. Earlier models of the Prius were produced in Asia. Source: CNN, July 10, 2008 14. Explain how this change by Toyota will influence U.S. GDP and the components of aggregate expenditure.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter18: Pricing The Factors Of Production
Section: Chapter Questions
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Toyota to Shift U.S. Manufacturing Efforts
Toyota announced it planned to adjust its U.S. manufacturing operations to meet customer demands for
smaller, more fuel-efficient vehicles. In 2008, Toyota
started building a plant to produce the 2010 Prius for
the U.S. market in Blue Springs, Mississippi. Earlier
models of the Prius were produced in Asia.
Source: CNN, July 10, 2008
14. Explain how this change by Toyota will influence
U.S. GDP and the components of aggregate
expenditure.
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