Multiple Choice
In 2009, Pete Rich purchases a painting done by Rembrandt in 1642 for $20 million. He also pays a one percent commission to the auction house that sold the painting. What is the contribution of these transactions to GDP in the year 2009?
A) $0
B) $200,000
C) $2 million
D) $20.2 million
Correct Answer:
Verified
Correct Answer:
Verified
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