Question
The price paid for a used car that is purchased in Quarter 2 of 2020 (2020Q2): a. enters the 2020Q2 GDP. b. both the price
The price paid for a used car that is purchased in Quarter 2 of 2020 (2020Q2):
a. enters the 2020Q2 GDP.
b. both the price paid for a used carandthe value of any repairs and new equipment purchased to improve the car in that quarter enter the 2020Q2 GDP.
c. adds to the GDP of the quarter in which the car was originally built by an amount equal to the price paid for the used car.
d. does not enter the 2020Q2 GDP and neither does the value of any repairs or new equipment purchased to improve the car.
e. does not enter the 2020Q2 GDP, but the value of any repairs and new equipment purchased in 2020Q2 to improve the car does.
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