Jim buys a new car in February 2020 for $35,000. The car had been produced in the U. S. in January 2020. However, because of some financial problems, he sells it back to the dealer for $20,000 in March 2020. The dealer then sells the same car to another buyer for $25,000 in April 2020. What dollar amount will the national income accountants include in the nominal GDP of 2020 as a result of these transactions.
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Jim buys a new car in February 2020 for $35,000. The car had been produced in the U. S. in January 2...
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