If your sister buys an imported "offIf my son sells his old Xbox system to raise money to buy the latest and greatest system, will the sale of the old system show up in GDP?the rack" no-Consider a high-end product produced by a U.S. firm but manufactured elsewhere and imported into the U.S. market to sell - say, an iPhone. Conceptually, how does this compare to the off-the-rack no-brand shirt purchased by your sister in the previous question, in terms of the breakdown across the components of GDP?brand shirt, where does the value of this shirt show up in the components of US GDP ?

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If your sister buys an imported offtherack nobrand shirt the value of the shirt will show up in the ... View the full answer