Aneta has owned an Italian sports car for several years and now she wants to sell it.She paid $8,500 for it in 1993 and she has just sold it for $39,000 in 2015.How is this sale included in the GDP for 2015?
A)$8,500 is included in 2015 GDP.
B)$39,000 is included in 2015 GDP.
C)The increase in value of $10,500 is included in 2015 GDP.
D)It is not included in 2015 GDP.

Question

Quizplus · Accepted Answer

The sale of the Italian sports car is not included in the GDP for 2015 because GDP only measures the value of final goods and services produced in the current year. The car was already counted in GDP in the year it was produced, and the sale of a used car does not represent current production or income.

Aneta Has Owned an Italian Sports Car for Several Years