Calcuating the Total Change in a Year's GDP
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Calculate the total change in a year's GDP:
Tone Artists, Inc. produces 100,000 new White Snake CD's that it prices at $15 a piece. Ten thousand CDs are sold abroad, but alas, the rest remain unsold on warehouse shelves.
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Solution Summary
GDP is asssessed.
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Please note that the GDP is the most comprehensive single measure of aggregate economic output. Represents the market value of the total output of the goods and services produced by a nation's ...
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