During 2006 a leading auto manufacturer produced $20 million worth of mini-vans. However, due to soaring gas prices, the sale of mini-vans became sluggish and by the end of 2006 only $16 million worth of mini-vans were sold.n
As for the contribution of the mini-vans to GDP, choose one of the following:n
$20 million are added to 2006's GDP with $16 million as consumption and $4 million as private investment.n
$16 million are added to 2006's GDP, all as consumption.n
$20 million are added to 2006's GDP, all as consumption.n
$16 million are added to 2006'2 GDP, all as private investment. 

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Required solution Answer20 million are added to 2006s GDP with 16 million as ... View the full answer