Lifeguard Interview Questions

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2. National income and product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP? It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured during the current year in North Carolina. GDP would rise by $6 billion and investment in furniture rises by $6 billion.
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Lifeguard

Interviewed at University of Southern California

4.2
Sep 19, 2018

2. National income and product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP? It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured during the current year in North Carolina. GDP would rise by $6 billion and investment in furniture rises by $6 billion.

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