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Question

Suppose a TV was manufactured 5 years ago in 2013, and it had a market value of 50,000. However, demand for TVs was very low and so it was left unsold.

Now, in 2018, it is sold for a market price of 80,000. What amount is added to the GDP of the economy in 2013 with respect to this single TV?


A

30,000

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B

50,000

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C

80,000

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D

1,30,000

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Solution

The correct option is B

50,000


The market of the TV in 2013 is to be added to that year's GDP. So, 50,000 is the answer.


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