Ted is moving into his first apartment. He decides to buy a barely-used washer/dryer set from Craigslist and hires a company to pick it up and deliver it to his apartment. Which part of this transaction will be counted in GDP?
A) The value of the washer/dryer set
B) The value of the delivery service
C) The value of the washer/dryer set and the delivery service
D) No part of this transaction will count toward GDP.

Question

Quizplus · Accepted Answer

The value of the delivery service is counted in GDP because it is a current service transaction. The purchase of the used washer/dryer set is not counted in GDP because GDP only includes the value of new goods and services produced within a country in a given period.

Ted Is Moving into His First Apartment