The value of used goods ________ counted as part of GDP ________.
A)is;as long as used goods are classified as investment goods
B)is not;because most fall in value and would cause a decrease in the value of GDP
C)may be;as long as their value has risen
D)is;as long as used goods are classified as consumption goods
E)is not;because used goods were counted during the period when they were counted as new goods

Question

Quizplus · Accepted Answer

Used goods were already counted in GDP when they were new goods, so including their value again in GDP would result in double counting. Therefore, used goods are not included in the calculation of GDP.

The Value of Used Goods ________ Counted as Part of GDP