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This question was created from Econ102 Sample Midterm I.pdf




33. An art collector recently sold a piece of pottery for $300. He had purchased it for $200 two years earlier. How
will the most recent sale affect GDP?
A) GDP will increase by $300.
B) GDP 2 years ago must be adjusted downwards by $200, and current GDP will rise by $300.
C) GDP will not change.
D) GDP will increase by $200.
E) GDP will increase by $100.

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