Suppose in 2000, Company X hires Designer Y to design a new car. Company X pays Y $1,000 as the designer fee and the intellectual property right transfers to X. Based on that design, Company X spends another $10,000 to build the car. Assume that Company X sells the car at cost and there is no profit in that year. What is the contribution of this transaction to the GDP of 2000? $1,000 $11,000

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