In 2018, Grace - bought a used car for her personal use for RM50,000; - and spent

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In 2018, Grace
- bought a used car for her personal use for RM50,000;

- and spent RM8,000 on new car parts made in Malaysia.

For each of the two transactions above, explain how the components of GDP and the total GDP in 2018 are affected. What is the combined effect of these two transactions on Malaysian GDP in 2018?

Related Book For answer-question

Engineering Economics

ISBN: 9780195168075

4th Edition

Authors: Ted G. Feller

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Posted Date: Sep 17, 2019 10:06 AM

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In 2018, Grace - bought a used car for her personal use for RM50,000; - and spent

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