Consider two cars manufactured by Chevrolet in 2017. During 2017, Chevrolet sells one of the two cars to Emily for $20,000. Later in the same year, Emily sells the car to Jim for $18,000. The second automobile, with a market value of $19,000, is unsold at the end of 2017 and it remains in Chevrolet's inventory. The transactions just described contribute how much to GDP for 2017? $39,000 O $20,000 O $37,000 O $19,000

Consider two cars manufactured by Chevrolet in 2017. During 2017, Chevrolet sells one of the two cars to Emily for $20,000. Later in the same year, Emily sells the car to Jim for $18,000. The second automobile, with a market value of $19,000, is unsold at the end of 2017 and it remains in Chevrolet's inventory. The transactions just described contribute how much to GDP for 2017? $39,000 O $20,000 O $37,000 O $19,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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