In 2010, Janice Quinn Sells a Five-Year-Old Car to Used

question 78

Multiple Choice

In 2010, 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 Quinn Goner for $3,500. What is the contribution of these transactions to GDP in the year 2010?

• A) $0
• B) $500
• C) $3,000
• D) $6,500