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Leni [432]
4 years ago
8

Jim buys a new car in February 2019 for $35,000. The car had been produced in the U.S. in January 2019. However, because of some

financial problems, he sells it back to the dealer for $20,000 in March 2019. The dealer then sells the same car to another buyer for $25,000 in April 2019. What dollar amount will the national income accountants include in the nominal GDP of 2019 as a result of these transactions.
Business
1 answer:
kvv77 [185]4 years ago
3 0

Answer:

$35,000

Explanation:

$35,000 will be included in nominal GDP of 2019 because the original selling is $35,000 and if other selling prices are included, that will create the double accounting problem.

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