In 2018, Janice Quinn Sells a Five-Year-Old Car to Used

question 175

Multiple Choice

In 2018, Janice Quinn sells a five-year-old car to Used Car, Inc. for $4,000. In the same year, Used Car, Inc. resells the car to Hilda Goner for $4,750. What is the contribution of these transactions to GDP in the year 2015?

• A)$0
• B)$750
• C)$4,000
• D)$8,750

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Definitions:

Ethical Theory

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior, focusing on moral principles and values.

Altruism

The selfless concern for the well-being of others without expecting any reward.

Ethical Theory

A system of thought that explores the nature of morality and the moral choices individuals make.

Moral Development

Refers to the process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, personal beliefs, and experiences.