Question assume a nissan dealer in the us bought 30 maximas, Ask an Expert

Economics

Question: Assume a Nissan dealer in the U.S. bought 30 Maximas directly from Japan at a cost of $20,000 per car in the fall of 2002. By December 31, 2002, the dealer had sold 10 of these cars for $27,000 each. The remaining 20 cars were sold in early 2003 at an average price of $28,000 each.

a. How is the U.S. GNP affected in 2002 and 2003 as a result of this activity, by how much?

b. How are the U.S. GDP and its components (C, I, G, Export, and Import) affected in 2002 and 2003, by how much?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92583366

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