Problem
Assume a Nissan dealer in the U.S. bought 30 Maximas directly from Japan at a cost of $20,000 per car in the fall of 2002. By December 31, 2002, the dealer had sold 10 of these cars for $27,000 each. The remaining 20 cars were sold in early 2003 at an average price of $28,000 each.
a. How is the U.S. GNP affected in 2002 and 2003 as a result of this activity, by how much?
b. How are the U.S. GDP and its components (C, I, G, Export, and Import) affected in 2002 and 2003, by how much?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.