When the Art Institute of Chicago purchases a painting by Mary Cassatt that she produced in Paris in 1885, this would not be included in the U.S.GDP for 2015.

Question

Quizplus · Accepted Answer

The purchase of a painting by a museum is not considered a final good produced within the geographic borders of the United States, and therefore is not included in the calculation of GDP.

When the Art Institute of Chicago Purchases a Painting by Mary