Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.1: Gross Domestic Product
Problem 1ST
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Sarah has a 2009 Honda Civic. In 2013, she sells it to Mary for $10,000.
Is that $10,000 counted in the GDP for 2013?
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Sarah has a 2009 Honda Civic. In 2013, she sells it to Mary for $10,000.
Is that $10,000 counted in the GDP for 2013?(THIS IS FROM FIRST QUESTION)
HERE IS THE SECOND QUESTION
If Sarah is an automobile dealer, does that change your answer to the previous question at all?
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