In 2011, Richard buys a 2003 Chevrolet minivan from a neighbor.Will this be counted in the GDP for 2011?
A) Yes
B) No
C) Yes, if sales tax is paid
D) No, because the purchase was from an individual not a dealer

Question

Quizplus · Accepted Answer

The purchase of a used vehicle from an individual is not counted in GDP. GDP only includes the production of newly produced goods and services within the time period being measured.

In 2011, Richard Buys a 2003 Chevrolet Minivan from a Neighbor.Will