In 2017, Ozzie purchased a 2014 Ford Escort from his neighbor for his son, purchased a 2013 "one owner" Camry from Larchmont Toyota for his wife, bought a 2017 new Ford for himself, and sold his 2006 Dodge Caravan to his teenage nephew. Which, if any, of these transactions will be included in GDP in 2017?
A) all four transactions
B) all three purchases but not the sale
C) the purchase of the Ford and the Caravan
D) only the purchase of the Ford
Correct Answer:
Verified
Q11: Which of the following is a final
Q12: In the United States, GDP is typically
Q13: Which of the following expenditures associated with
Q14: GDP is defined as the market value
Q15: Gross domestic product
A) includes all the goods
Q17: Gross domestic product is the total _
Q18: A loaf of bread purchased by one
Q19: A ton of coal purchased by your
Q20: Gross domestic product (GDP) is the _
Q21: Compared to the other sources of spending,
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