A car air conditioning system to be inserted in new cars was manufactured in 2019 and sold to the Ford Motor Company for $3,000. In 2019; Ford Motor Company inserted this air condintioning system into a Ford Mustang Convertible and now the car is ready for sale at $25,000. What amount would get included in 2019's GDP?

A car air conditioning system to be inserted in new cars was manufactured in 2019 and sold to the Ford Motor Company for $3,000. In 2019; Ford Motor Company inserted this air condintioning system into a Ford Mustang Convertible and now the car is ready for sale at $25,000. What amount would get included in 2019's GDP?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 4P

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