By the end of 2011 it sold 20 of these cars at a

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Unformatted text preview: of these tractors were sold to farmers at $40,000 each and the remaining 6 tractors were left in inventory at their imported price at the end of the year. As a result of these transactions, the country’s gross domestic product would increase by: (a) 250,000 (b) 60,000 (c) 340,000 (d) 240,000 (e) 75,000 Q5. Assume a dealership in Toronto bought 40 brand new cars from the Ford Motor Company in Oakville, Ontario at a cost of $15,000 per car in July of 2011. By the end of 2011 it sold 20 of these cars at a price of $20,000 each. The remaining cars were sold in January 2012 at a price of $18,000 each. In these transactions, what was the contributi...
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This note was uploaded on 03/28/2014 for the course ECON 100 taught by Professor Carr during the Summer '10 term at University of Toronto.

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