LIf a car salesperson in 2012 sells a used 2000 Chevrolet for $3000 and collects a commission of $200, how does this transaction affect Gross Domestic Product? a) GDP for 2008 is not increased. Ob)...


Pls answer both to get upvote-)


LIf a car salesperson in 2012 sells a used 2000 Chevrolet for $3000 and collects a<br>commission of $200, how does this transaction affect Gross Domestic Product?<br>a) GDP for 2008 is not increased.<br>Ob) The price of the used car does NOT increase GDP, but the commission of<br>$200 is added to the 2000 GDP (the year of the Chevy auto model was<br>produced).<br>c)<br>The price of the used auto is NOT counted in GDP, but the sales commission<br>earned by the car dealer IS counted for GDP in the year 2012.<br>d) Both the used car price AND the commission are counted in 2012 GDP.<br>e) Neither the used car nor the commission is inluded in the GDP for 2012.<br>One measure of economic growth is the annual percentage increase in a nation's real<br>GDP.<br>O True<br>O False<br>

Extracted text: LIf a car salesperson in 2012 sells a used 2000 Chevrolet for $3000 and collects a commission of $200, how does this transaction affect Gross Domestic Product? a) GDP for 2008 is not increased. Ob) The price of the used car does NOT increase GDP, but the commission of $200 is added to the 2000 GDP (the year of the Chevy auto model was produced). c) The price of the used auto is NOT counted in GDP, but the sales commission earned by the car dealer IS counted for GDP in the year 2012. d) Both the used car price AND the commission are counted in 2012 GDP. e) Neither the used car nor the commission is inluded in the GDP for 2012. One measure of economic growth is the annual percentage increase in a nation's real GDP. O True O False

Jun 07, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here