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This Year,Tom Sold His 1998 Minivan to Honest John's Used

Question 11

Multiple Choice

This year,Tom sold his 1998 minivan to Honest John's Used Car Emporium for $5,000.Honest John then sold the van to Bob for $7,000.How much would be recorded in GDP this year from these transactions?


A) $0
B) $2,000
C) $5,000
D) $7,000
E) $12,000

Correct Answer:

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