Company produces oven baked chicken nuggets.

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Suppose a local company produces oven baked chicken nuggets. It had $1.5 million chicken nuggets unsold by the December 31st, 2021. What would happen to the yearly GDP of 2021 from the $1.5 million, if the company threw away all the chicken nuggets? Then, what if this company kept the chicken nuggets frozen and got them sold later in 2022. Then, what would happen to the GDP of 2021 and 2022 in the second case? Here you need to explain what approach you choose and describe how GDP changes in the above two cases.

Reference no: EM133277646

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