Clarity Dence pays $375 for a used acoustic guitar from the local music instrument dealer. The dealer himself purchased it for $150. In principle, how would this exchange affect GDP?

A) Nothing happens to GDP, because the guitar is a used good.
B) GDP increases by $150.
C) GDP increases by $225.
D) GDP increases by $375.
E) GDP increases by $525.


C

Economics

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Economics