Last year,the XYZ manufacturing corporation issued $10 million in new common stock,and used $8 million of the proceeds to build a new factory.The other $2 million was used to repay bank loans,and replenish XYZ's deposits at its banks.As a result,GDP went up by

Question

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The only spending that contributes to GDP is the $8 million spent on building the new factory. Repaying bank loans and replenishing deposits do not contribute to GDP. The issuance of new common stock also does not directly contribute to GDP.

Last Year,the XYZ Manufacturing Corporation Issued $10 Million in New