Assume no realtor is involved in the sale

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Q. In 2002, the Johnsons buy a home from the Black family for $175,000. The house was built in 1985 by the Black family for $90,000. Illustrate what is the impact of this sale on GDP for 2002? Assume no realtor is involved in the sale.

Q. China had a $372 billion overall current account surplus in 2007. Assuming that China's net debt forgiveness was zero in 2007(its capital account balance was zero) by, Elucidate how much did Chinese purchases of financial also real assets abroad exceed foreign purchases of Chinese financial also real assets?

Reference no: EM1321891

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