If the purchase of used goods was to be incorporated into measuring GDP using the expenditure approach, then
A)we also will have to account for spending on financial assets.
B)we will be counting the value of the used goods both at the time of their production and at the time of their re-sale.
C)we will have to account for the natural depreciation that a used good experiences.
D)it will be very difficult to assign a fair market value to a used good.
E)consumption spending would need to be adjusted for depreciation.

Question

Quizplus · Accepted Answer

Including used goods in GDP would result in double counting, as their value was already included when they were first produced and sold.

If the Purchase of Used Goods Was to Be Incorporated