Microeconomics problem question?
In 2018, Grace
bought a used car for her personal use for RM50,000; and
spent RM8,000 on new car parts made in Malaysia.
For each of the two transactions above, explain how the components of GDP and the total GDP in 2018 are affected. What is the combined effect of these two transactions on Malaysian GDP
- OiyLv 56 months ago
I do guess that it's all about macroeconomics in Malaysia. The used car was included in GDP in the year of production. But the parts will be included in GDP of Malaysia. So GDP in 2018 will increase about RM 8,000.