Multiple Choice
Suppose Honest Rob's Used Cars buys a used car for $2000 and resells it for $3000. The result of Honest Rob's transactions is to
A) decrease the value of national income by $3000.
B) decrease the value of national income by $1000.
C) increase the value of national income by $3000.
D) increase the value of national income by $1000.
E) leave the value of national income unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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