You just bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labor into improving it. You sold it yesterday for $3,000. How does this sale affect GDP? importsntermenvestm2. Uau bounht an old Car a Couele cenrsago Cor $2,000, and Rut about $5,l000f Parts and labor into improVing t UauSold it yesterda) for $3,00 How oesthis Saled affect GDP?ластоet exomist

Secondhand goods, such as used cars, are excluded from GDP calculations. When these things were…

Answered: You just bought an old car a couple…

You just bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labor into improving it. You sold it yesterday for $3,000. How does this sale affect GDP?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 7SQP

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You just bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labor into improving it. You sold it yesterday for $3,000. How does this sale affect GDP?

imports
nterme
nvestm
2. Uau bounht an old Car a Couele cenrs
ago Cor $2,000, and Rut about $5,l000
f Parts and labor into improVing t Uau
Sold it yesterda) for $3,00 How oes
this Saled affect GDP?
ласто
et ex
omi
st

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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