Aneta has owned an Italian sports car for several years and now she wants to sell it.She paid $8,500 for it in 1993 and she has just sold it for $39,000 in 2011.How is this sale included in the GDP for 2011?
A) $8,500 is included in 2011 GDP
B) $39,000 is included in 2011 GDP
C) The increase in value of $10,500 is included in 2011 GDP
D) It is not included in 2011 GDP

Question

Quizplus · Accepted Answer

The sale of a used item, such as Aneta's Italian sports car, is not included in GDP as it does not represent current production or income. GDP only includes the value of final goods and services that are produced within a current period of time.

Aneta Has Owned an Italian Sports Car for Several Years