The Table Shows a Series of Market Transactions in the Life

Essay

The table shows a series of market transactions in the life of an automobile. Describe two different ways that these transactions could contribute to gross domestic product GDP) for the years 2017 and 2018. Which way is used in practice? $$\begin{array} { l l l } \hline \text { Transaction } & \text { Time frame } & \text { Cost } \\\hline \text { Parts sold to car maker } & \text { Fall 2017 } & \$ 13,000 \text { in parts } \\\text { Factor labor leads to assembled car } & \text { Winter } 2017 & \$ 11,000 \text { in labor } \\\text { Dealer buys car } & \text { Spring 2018 } & \$ 28,000 \text { for the car } \\\text { Dealer sells car to customer } & \text { Summer } 2018 & \$ 33,000 \text { for the car } \\\hline\end{array}$$