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Answer to Question #200931 in Macroeconomics for Mahmoud Yasser

Question #200931

1.      In 2002, Ozzie purchased a 1997 Ford Escort from his neighbour for his son, purchased a 1999 “one owner” Camry from Larchmont Toyota for his wife, bought a 2001 new BMW sportscar for himself, and sold his 1993 Dodge Caravan to his teenage nephew. Which, if any, of these transactions will be included in GDP in 2002?

1
Expert's answer
2021-05-31T15:04:36-0400

The purchase of the BMW and the Caravan


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