When a U. S. company purchases and imports automotive parts from Canada to use to build cars within the United States, this purchase increases the investment component of GDP while also net exports by the same amount. Therefore, the purchase of automotive parts from Canada causesno overall change in US GDP. True or false?

True

Explanation:

The purchase of automotive parts from Canada causes no overall change in US GDP is True because a US company did the purchasing and importing of the automotive parts, therefore the investment components rise by the amount of the automotive parts imported, But, the automotive parts in question was imported from Canada, This will cause a declined in the net exports by the value of the automotive parts, thereby leading to changes in the components of GDP which are the investment and the net exports.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

can you explain it better