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Purchase of wire by the contractor influence gdp

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Reference no: EM131189428

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?

Reference no: EM131189428

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