This year, an art collector sold a piece of pottery for $300.He had purchased it for $200 two years earlier.How will the most recent sale affect this year's GDP?

Name: This year, an art collector sold a piece of pottery for $300.He had purchased it for $200 two years earlier.How will the most recent sale affect this year's GDP?
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

The sale of the pottery is a transfer of ownership of an existing good and does not involve the production of new goods or services, so it does not affect GDP.

This Year, an Art Collector Sold a Piece of Pottery