You are a collector of antique coins.You purchase a silver dollar minted in 1898.Is this sale included in GDP for the current year?
A)Yes, provided the coin is in mint condition.
B)No, it is not.
C)No, unless the coin has been in circulation.
D)Yes, it is.
E)Only if it is part of the current money supply.

Question

Quizplus · Accepted Answer

The sale of an antique coin, such as a silver dollar minted in 1898, is not included in GDP for the current year. GDP only measures the production of goods and services in the current year, and the sale of an antique coin does not represent current production.

You Are a Collector of Antique Coins