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

question 129

Multiple Choice

In 2015, Janice Quinn sells a five-year-old car to Used Car, Inc. for $6,000. In the same year, Used Car, Inc. resells the car to Hilda Goner for $6,500. What is the contribution of these transactions to GDP in the year 2015?

• A) $0
• B) $500
• C) $6,000
• D) $12,500

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Definitions:

Full-load Speed

The speed at which a motor operates when it is carrying its rated load.

Label Designation

A system of identifiers assigned to items to indicate information such as control function, component type, and usage.

Stator

The stationary part of an electric motor or generator, containing coils of wire.

Conduit Box

An enclosure attached to electric motors or other equipment that allows for the connection and protection of wiring.