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An Automobile Factory in Michigan Uses $100,000 Worth of Parts

Question 46

Multiple Choice

An automobile factory in Michigan uses $100,000 worth of parts purchased from foreign countries along with U.S.inputs to produce 30 cars worth $20,000 each.Twenty of these cars are sold and 10 are left in inventory.How much did these actions add to GDP?


A) $300,000
B) $500,000
C) $600,000
D) $700,000

Correct Answer:

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