Accounting How does GDP accounting record the following events? For each of them, describe how they would be computed in GDP accounts using the income method, the production method and the expenditure method. (a) A car manufacturer buys components from Japan for 1 to be used in production later on and stores them at its warehouse. (b) A car manufacturer buys components from Japan for 1 and uses half of those components in the production of a car, that it sells to Andy for 2. It stores the res

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Just a few days ago, India’s Q2 #GDP figures were released. A growth rate of over 8% reflects the new momentum of our progress. Friends, these are not just numbers - they are a strong macroeconomic signal. They send the message that India is becoming a growth driver of the global economy today. - Prime Minister Narendra Modi | All India Radio News