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You bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labour into improving it. You sold it
- You bought an old car a couple years ago for $1,000 and put about $5,000 of parts and labour into improving it. You sold it yesterday for $3,000. How does this sale affect GDP? Explain.
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Modern Principles Microeconomics
Authors: Tyler Cowen, Alex Tabarrok
4th Edition
1319098762, 978-1319098766
