Related to the Economics in Practice on p. 427: The value of the fees charged by eBay to sellers who use eBay is
A) counted in U.S. GDP.
B) only counted in U.S. GDP if the seller is in the U.S.
C) only counted in U.S. GDP if the product being sold is new.
D) never counted in U.S. GDP

Question

Quizplus · Accepted Answer

The fees charged by eBay to sellers are considered a part of the value added by eBay to the economy and are included in U.S. GDP. This is because eBay is providing a service (the platform for sellers to sell their products) for which they charge a fee, and this fee contributes to the overall economic activity of the country. The location of the seller or the nature of the product being sold does not affect whether or not the fees are counted in U.S. GDP.

Related to the Economics in Practice on P