Macroeconomics As Simple As Microeconomics Flashcards
(3 cards)
1
Q
Is a house included in the GDP
A
No, house is not produced in the year.
2
Q
You buy a made candle is this included in Australia GDP
A
Yes, it was produced
3
Q
Included in Australia GDP? Gaming console, your friend bought a gaming console at your local JB WIFI but the gaming console was manufactured overseas
A
No, it was not produced in Australia
