Question
Kartik and Tina both live in Chennai of India. A new-car dealer in Chennai bought a new car from the manufacturer for $17,000 and sold
Kartik and Tina both live in Chennai of India. A new-car dealer in Chennai bought a new car from the manufacturer for $17,000 and sold it to Kartik for $20,000. Later that year, Kartik sold the car to Tina for $15,000. By how much did these transactions contribute to India's GDP for the year?
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
