(Answered) You just bought a 10-year-old house the house is located in

Management Studies

You just bought a 10-year-old house. The house is located in a expensive neighborhood. You do have to do some repairs. You have options on who does the repairs.

You then hired a local contractor to re-do the wiring. You paid the contractor $10,000.

The contractor had to buy new wire. How does the purchase of wire by the contractor influence GDP?

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Business Management, Management Studies

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