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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

Ask a homework question - tutors are online