The sale of __________ goods is omitted from current GDP because __________.
A) intermediate goods; these goods do not constitute production
B) used goods; these goods were counted in an earlier year
C) illegal; these goods do not constitute economic value
D) b and c
E) a,b,and c

Question

Quizplus · Accepted Answer

Used goods are omitted from current GDP because they were already counted in GDP in the year they were originally produced and sold.

The Sale of __________ Goods Is Omitted from Current GDP