Multiple Choice
Suppose that business firms spend $500 million on new capital equipment this year.Of this $500 million,$300 million was spent on domestically produced capital and $200 million was spent on foreign-produced capital.All else equal,these transactions contribute ________ to GDP.
A) $0
B) $200 million
C) $300 million
D) $500 million
E) $800 million
Correct Answer:
Verified
Correct Answer:
Verified
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