In 2009, Pete Rich Purchases a Painting Done by Rembrandt

question 21

Multiple Choice

In 2009, Pete Rich purchases a painting done by Rembrandt in 1642 for $20 million. He also pays a one percent commission to the auction house that sold the painting. What is the contribution of these transactions to GDP in the year 2009?

• A) $0
• B) $200,000
• C) $2 million
• D) $20.2 million

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