When you buy a car from your brother, which he bought new in 2000, the purchase adds to current GDP.

Name: When you buy a car from your brother, which he bought new in 2000, the purchase adds to current GDP.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The purchase of a used car does not add to current GDP as it was already included in GDP in the year it was originally sold as a new car. Only the value-added during the current year's production or sale of goods and services is included in current GDP calculations.

When You Buy a Car from Your Brother, Which He