In 2011, you buy a beautiful vintage 1965 Thunderbird convertible.This purchase would
A) be included in the GDP for 2011.
B) not be included in the GDP for 2011.
C) be included in both the GDP for 1965 and 2011.
D) be in the GDP for 2011 at a depreciated value.

Question

Quizplus · Accepted Answer

The purchase of a vintage car does not count towards the GDP for the year in which it was purchased. GDP only measures the value of goods and services that are newly produced within a country's borders during a specific time period. Since the vintage car was produced in 1965 and was not newly produced in 2011, its purchase does not add to the GDP.

In 2011, You Buy a Beautiful Vintage 1965 Thunderbird Convertible