Dell Computers manufactures a $1,000 laptop in December 2017. This laptop is sold to a consumer in March 2018 for $1,000, who in turn sells it on eBay in August 2018 for $800. Because of these transactions, the 2017 GDP increases by _____, and the 2018 GDP increases by:

Question

Quizplus · Accepted Answer

GDP measures the value of goods and services produced within a country in a specific period. The laptop's production in 2017 adds $1,000 to the 2017 GDP. The resale in 2018 does not contribute to the GDP as it is a second-hand sale, not new production.

Dell Computers Manufactures a $1,000 Laptop in December 2017