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You bought a new sofa two years ago for $900. Last month, you sold it to a used-furniture dealer for $250. Yesterday, the store sold
You bought a new sofa two years ago for $900. Last month, you sold it to a used-furniture dealer for $250. Yesterday, the store sold your couch to a consumer for $400. When you sold your couch to the store, in what category did that transaction contribute to gross domestic product (GDP)? Question 8 options: a) as government purchases b) as net exports c) as consumption d) the transaction did not count toward GDP e) as investment
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