The value of a car produced and sold in 2000, and sold again in 2008, should be included in GDP for
A) 2000 only.
B) 2008 only.
C) both 2000 and 2008.
D) either 2000 or 2008, but not both.

Question

Quizplus · Accepted Answer

GDP includes the value of goods and services produced within a country in a given year. The car's value is included in GDP for 2000 when it was produced and sold as a new product. Resale in 2008 does not contribute to GDP as it does not represent new production.

The Value of a Car Produced and Sold in 2000