
If Anton sells his 2004 Honda Accord for $5 500 in 2018, the sale of his car contributes $5 500 to GDP in 2018.
Correct Answer:
Verified
Q51: Debbie makes porcelain plates in her home
Q52: What is the largest component of GDP
Q53: What is meant by 'intermediate goods' and
Q54: In a small economy, consumption spending in
Q55: The following table illustrates the value added
Q57: Explain the difference between 'gross domestic product'
Q58: Macroeconomics is the study of how households
Q60: The circular-flow model demonstrates that the value
Q61: Use the circular-flow diagram to explain why
Q96: Government spending on transfer payments is included
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents