In 2015, Janice Quinn Sells a Five-Year-Old Car to Used

question 2

Multiple Choice

In 2015, Janice Quinn sells a five-year-old car to Used Car, Inc.for $3,000.In the same year, Used Car, Inc.resells the car to Hilda Goner for $3,500.What is the contribution of these transactions to GDP in the year 2015?

• A)$0
• B)$500
• C)$3,000
• D)$6,500

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Definitions:

Organizational Goals

The objectives or targets that a company or an institution aims to achieve within a set timeframe.

Theory X

A management theory suggesting that employees are naturally lazy and will avoid work if they can, implying the need for strict supervision.

Irrational Feelings

Emotions or sentiments that are not based on reason, logic, or actual experience, often leading to unpredictable or unreasonable reactions.

Achievement Drive

The inner motivation or desire of an individual to accomplish specific goals and excel in tasks.