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An Art Collector Recently Sold a Piece of Pottery for $300.He

Question 22

Multiple Choice

An art collector recently sold a piece of pottery for $300.He had purchased it for $200 two years earlier.How will the most recent sale affect GDP?


A) GDP will increase by $100.
B) GDP will not change.
C) GDP will increase by $300.
D) GDP will increase by $200.
E) GDP 2 years ago must be adjusted downwards by $200, and current GDP will rise by $300.

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