By how much does GDP rise in each of the following scenarios? Explain. (a) You spend $5,000
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By how much does GDP rise in each of the following scenarios? Explain.
(a) You spend $5,000 on college tuition this semester.
(b) You buy a used car from a friend for $2,500.
(c) The government spends $100 million to build a dam.
(d) Foreign graduate students work as teaching assistants at the local university and earn $5,000 each.
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