A family sells the house they have lived in for two years to a friend. They received $150,000 and paid $120,000 two years ago. This transaction
A) increases GDP by $150,000
B) increases GDP by $30,000
C) has no effect on GDP because the house was not made this year
D) has no effect on GDP because the house is an intermediate good
Correct Answer:
Verified
Q113: The dollar value of an industry's sales
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A)
A) market value
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