
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
2. An American purchases a case of Jaffa Cakes which are produced in the United
Kingdom. How do the U.S. national accounts treat the transaction?
a. Net exports and
b. Net exports fall and GDP does not change
c.
d. CPI increases and net exports do not change
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