7. Phil owns an old set of golf clubs that he purchased for $1,000 seven years ago....

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7. Phil owns an old set of golf clubs that he purchased for $1,000 seven years ago. He decides to post them on Craigslist and quickly sells the clubs for $450. How does this sale affect GDP?

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Principles Of Macroeconomics

ISBN: 9781324034001

4th Edition

Authors: Dirk Mateer, Lee Coppock

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