IV. Gross Domestic Product is a monetary measure of the market value of all the final goods
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IV. Gross Domestic Product is a monetary measure of the market value of all the final goods and services produced in a specific time period 15. Samira purchases a classic 1964 car she saw for sale on someone's lawn, she then purchases some new parts and spends 120 hours refurbishing the car which she keeps. Which of the following is included in GDP? And why? a. The amount she paid to buy the car. b. The amount she paid to buy new parts. c. The value of her time repairing the car. d. All of the above are included.
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