Explain by how much did gdp increase in 2007 and 2008, Ask an Expert

Economics

Suppose that MNLogs harvested the logs in October 2007 and sold them to MNLumber in December 2007. MNLumber then sold the finished lumber to MNFurniture in April 2008 and MNFurniture sold all 100 tables during the rest of 2008. By how much did GDP increase in 2007 and 2008 because of these transactions?

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Business Economics, Economics

Category:- Business Economics
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