In 2017, I bought a used sailboat for $25,000. In 2022, I sold that boat for $25,000. To do so, however, I had to pay a middleman $500 to find me a buyer. Which of the following represents the amount that will be reflected in the 2022 GDP? $25,000 O$25,500 0.$500

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter13: best-practice Tactics: Game Theory
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Problem 14E
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In 2017, I bought a used sailboat for $25,000. In 2022, I sold that boat for
$25,000. To do so, however, I had to pay a middleman $500 to find me a buyer.
Which of the following represents the amount that will be reflected in the 2022
GDP?
$25,000
$25,500
$500
O $24.500
Transcribed Image Text:In 2017, I bought a used sailboat for $25,000. In 2022, I sold that boat for $25,000. To do so, however, I had to pay a middleman $500 to find me a buyer. Which of the following represents the amount that will be reflected in the 2022 GDP? $25,000 $25,500 $500 O $24.500
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