menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Private and Public Choice Study Set 2
  4. Exam
    Exam 7: Taking the Nations Economic Pulse
  5. Question
    How Much Would Be Added to This Year's GDP If
Solved

How Much Would Be Added to This Year's GDP If

Question 124

Question 124

Multiple Choice

How much would be added to this year's GDP if you sold your four-year-old automobile for $4,000 and purchased a two-year-old model from an acquaintance for $10,000.


A) nothing
B) $6,000
C) $10,000
D) $14,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q119: Which of the following is true about

Q120: When adjusting nominal GDP for price changes,

Q121: Using the resource cost-income approach, indirect business

Q122: Suppose that the nominal value of GDP

Q123: As per capita GDP has risen in

Q125: Which of the following statements about gross

Q126: Gross private domestic investment<br>A) excludes all investment

Q127: When economists speak of changes in GDP

Q128: A price index is designed to measure<br>A)

Q129: Over time, GDP may increase as the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines