Explain why in one sense error in national income accounting

Reference no: EM13925894

How might you correct this error?If you buy a new car, the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in one sense an "error" in national income accounting.

Reference no: EM13925894

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Explain why in one sense error in national income accounting : How might you correct this error? If you buy a new car, the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in one sense an "error" in national income accounting.

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