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Consider two cars manufactured by Chevrolet in 2014. During 2014, Chevrolet sells one of the two cars to Emily for $20,000. Later in the same year, Emily sells the car to Jim for $18,000. The second automobile, with a market value of $19,000, is unsold at the end of 2014 and it remains in Chevrolet’s inventory. The transactions just described contribute how much to GDP for 2014?
a. $38,000b. $37,000c. $20,000d. $39,000

Respuesta :

sandlee09

Answer:

d. $39,000

Explanation:

According to my research on the GDP, I can say that based on the information provided within the question the transactions described contribute $39,000 to the GDP for 2014. This is the addition of the first sale to Emily for $20,000 and the unsold second automobile for $19,000. Since new products that are produced but go unsold still count in the GDP of the year in which they were manufactured. The car that Emily sold to Jim does not get added since it is not part of Chevrolet's sale.

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