A product that is produced in 2010 and not sold until 2011 will be counted in the GDP for
A) both 2010 and 2011.
B) neither 2010 nor 2011.
C) 2010.
D) 2011.

Question

Quizplus · Accepted Answer

GDP accounts for the value of goods and services produced within a country in a given year. Therefore, the product will be counted in the GDP for 2010, the year it was produced, regardless of when it is sold.

A Product That Is Produced in 2010 and Not Sold