The value of used goods_{-------------}counted as part of GDP_{-------------} A)are not; because most fall in value and would cause a decrease in the value of GDP B)are; as long as they are classified as consumption goods C)are not; because they were counted during the period when they were counted as new goods D)are; as long as they are classified as investment goods E)may be; as long as their value has risen

Question

Quizplus · Accepted Answer

Used goods are not counted in GDP because they were already included in GDP calculations when they were new goods. Counting them again would result in double counting.

The Value of Used Goods-------------counted as Part of GDP-------------

The Value of Used Goods_{-------------}counted as Part of GDP_{-------------}