Included in GDP is the dollar value of:
A) a used car sold during the period.
B) a new car imported during the period.
C) a new car exported during the period.
D) 100 shares of General Motors stock bought by a retiree.

Question

Quizplus · Accepted Answer

GDP includes the value of all final goods and services produced within a country's borders in a specific time period. A new car exported during the period is a final good produced within the country and sold abroad, thus it is included in GDP. Used cars, imports, and financial transactions like buying stocks do not add to the production of new goods and services within the country, so they are not included in GDP.

Included in GDP Is the Dollar Value Of