In 2015, you buy a beautiful vintage 1965 Thunderbird convertible.This purchase would
A)be included in the GDP for 2015.
B)not be included in the GDP for 2015.
C)be included in both the GDP for 1965 and 2015.
D)be in the GDP for 2015 at a depreciated value.

Question

Quizplus · Accepted Answer

The purchase of a vintage car in 2015 is not included in the GDP for 2015, as GDP only counts the production of new goods and services. Since the vintage car was produced in 1965, it does not contribute to the current production of goods and services.

In 2015, You Buy a Beautiful Vintage 1965 Thunderbird Convertible