Question

Jim buys a new car in February 2019 for $35,000. The car had been produced in the U.S. in January 2019. However, because of some financial problems, he sells it back to the dealer for $20,000 in March 2019. The dealer then sells the same car to another buyer for $25,000 in April 2019. What dollar amount will the national income accountants include in the nominal GDP of 2019 as a result of these transactions.

Answer 1

PPPPPP

Step-by-step explanation:

Answer 2

$35,000

Step-by-step explanation:

$35,000 will be included in nominal GDP of 2019 because the original selling is $35,000 and if other selling prices are included, that will create the double accounting problem.