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Which contributes more to GDP the production of a economy car or the production of a luxury car?
Wiki User
∙ 9y ago
By definition GDP is the market value of produced goods and services provided in the economy usually in one year. So the production of a luxury car contributes more to GDP than the production of an economy car because the luxury car has a higher market value.
Wiki User
∙ 9y ago
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Which contributes more to GDP the production of an economy car or the production of a luxury car?
Luxury car as the auto maker makes more profit on the expensive car, thus putting more back into the economy.
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Manufacturers could produce more luxury cars for the wealthy.m
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Energy.
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