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Home / Questions / Justine is an artist. In 2003, she produced 15 paintings and sold all 15. In 2004 she p

Justine is an artist. In 2003, she produced 15 paintings and sold all 15. In 2004 she p

   Justine is an artist. In 2003, she produced 15 paintings and sold all 15. In 2004 she produced 14 paintings
              and sold 11. In 2005, she produced 16 paintings and sold 18. Explain how many of Justine’s paintings
              would be counted as part of gross private domestic investment in each of these three years.

5.              Explain why decreases in inventories are included as a negative number in gross private domestic
              investment.

 

 

6.              Why are transfer payments included in personal income but not in national income? Are transfer payments
              included in GDP?

 

Dec 12 2019 View more View Less

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