Question 5
Consider two cars manufactured by Chevrolet in 2020. During 2020, Chevrolet sells one of the two cars to Sean for $34,000. Later in the same year, Sean sells the car to Kati for $29,000. The second automobile, with a market value of $40,000, is unsold at the end of 2020 and it remains in Chevrolet's inventory. The transactions just described contribute how much to GDP for 2020?
$63,000
$74,000
$103,000
$34,000