Answer to Question #70459 in Macroeconomics for Mandeep

Question #70459

Suppose a Canadian firm imports bananas of $1000 and sells them for $2000 the effect on gdp would be

Expert's answer

If a Canadian firm imports bananas of $1000 and sells them for $2000, then the GDP would increase by 2000 - 1000 = $1000.

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