National incoMeand product data are generally revised. What effects would the following revisions ha
Question: National incoMeand product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP?
a. It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured in North Carolina.
b. It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured in Sweden.
c. It is discovered that businesses bought $6 billion more furniture than previously thought. This furniture was manufactured in North Carolina.
d. It is discovered that businesses bought $6 billion more furniture than previously thought. This furniture was manufactured in Sweden.
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