The Table Shows a Series of Market Transactions in the Life

question 33

Essay

The table shows a series of market transactions in the life of an automobile. Describe two different ways that these transactions could contribute to gross domestic product GDP) for the years 2017 and 2018. Which way is used in practice? $$\begin{array} { l l l } \hline \text { Transaction } & \text { Time frame } & \text { Cost } \\\hline \text { Parts sold to car maker } & \text { Fall 2017 } & \$ 13,000 \text { in parts } \\\text { Factor labor leads to assembled car } & \text { Winter } 2017 & \$ 11,000 \text { in labor } \\\text { Dealer buys car } & \text { Spring 2018 } & \$ 28,000 \text { for the car } \\\text { Dealer sells car to customer } & \text { Summer } 2018 & \$ 33,000 \text { for the car } \\\hline\end{array}$$

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Definitions:

Associative Memory

The ability to learn and remember the relationship between unrelated items.

Déjà Vu

That eerie sense that “I’ve experienced this before.” Cues from the current situation may subconsciously trigger retrieval of an earlier experience.

State-dependent Memory

The phenomenon where information learned in a specific psychological or emotional state is more easily recalled when in the same state.

Factual Questions

Questions that seek specific, objective answers based on facts or reality.