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Business, 10.02.2020 22:20 cam961

A mechanic builds an engine and then sells it to a customized body shop for $7,000. The body shop inserts the engine into the car, tricks it out, and resells it to a dealer for $20,000. The dealer then sells the finished vehicle for $35,000. A consumer drives off with the car.
a. How much does the GDP increase?
b. What us the value-added at each step of the production process?
c. How does the total value-added compare with the amount that GDP increased?

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A mechanic builds an engine and then sells it to a customized body shop for $7,000. The body shop in...
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