Question: In 2018, Grace - bought a used car for her personal use for RM50,000; - and spent RM8,000 on new car parts made in Malaysia.

In 2018, Grace
- bought a used car for her personal use for RM50,000;

- and spent RM8,000 on new car parts made in Malaysia.

For each of the two transactions above, explain how the components of GDP and the total GDP in 2018 are affected. What is the combined effect of these two transactions on Malaysian GDP in 2018?

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