Question
Ford Motors produces a $20,000 car in Detroit in November 2017. This car is sold to a consumer in January 2018 for $20,000, who in
Ford Motors produces a $20,000 car in Detroit in November 2017. This car is sold to a consumer in January 2018 for $20,000, who in turn sells it to a college student in June 2018 for $18,000. Because of these transactions, the 2017 GDP increased by _____, and the 2018 GDP increased by:
a.$20,000; $18,000.
b.$20,000; zero.
c.zero; $20,000.
d.zero; $38,000.
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Society, Economy, Religion And Festivals Of Tiwas In Assam
Authors: Bandana Baruah
1st Edition
9351288633, 9789351288633
