Ben and Jerry both live in Vermont. A new-farm-equipment dea…
Ben and Jerry both live in Vermont. A new-farm-equipment dealer in Vermont bought a new tractor from the manufacturer for $54,000 and sold it to Ben for $60,000. Later that year, Ben sold the tractor to Sydney for $40,000. By how much did these transactions contribute to U.S. GDP for the year? (Recall that GDP measures the market value of final goods…)