Assume that a tire company sells four tires to an automobile company for $400, another company sells a compact disc player for $500, and the automobile company puts all of these items in or on a car that it sells for $20,000. In this case, the amount from these transactions that should be counted in GDP is:

When a firm sells a product out of inventory, GDP:

Which of the following transactions is included in GDP calculations?A.Anne helps clean up her mother's house once a week.B.ED Co.Ltd purchases new debentures issued by Heyleys Co Ltd in the market.C.Rodger buys a new town house in Melbourne from the JK Builders.D.John sells his old car to purchase a new car.

GDP is the total market value of all final goods and services produced annually within a country's borders.Group of answer choicesTrueFalse

Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $70,000. The retailer, in turn, brings in $160,000 from selling the bulbs directly to final customers.  Instructions: Enter your answer as a whole number. What amount would these two transactions add to personal consumption expenditures and thus to GDP during the year? $ .

Suppose the total market value of all final goods and services produced this year in Economy X is 4 million. Of the 4 million dollars' worth of goods, 3 million is sold and 1 million is held in inventory. For this year, the GDP for Economy X is:Group of answer choices4 million3 million1 million7 million