You bought a signed Ray Lewis football jersey in 2010 for $100 and you sold it in 2012 for $200.You used a broker to sell the jersey for you,and he charged you $20.This transaction contributed ________ to GDP.

Question

Quizplus · Accepted Answer

The broker's fee of $20 is the only part of the transaction that contributes to GDP, as it represents the value of the service provided in the current year. The sale of the jersey itself does not contribute to GDP because it is a resale of a used good.

You Bought a Signed Ray Lewis Football Jersey in 2010