7) Assume that a tire company sells 4 tires to an automobile company for $400, another company sells a compact disc player for $500, and the automobile company puts all of these items in or on a car that it sells for $20,000. In this case, how much GDP has been generated? a. $20,000. b. $20,000 less the automobile company’s profit on the car. c. $20,900. d. $20,900 less the profits of all three companies on the items that they sold.

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