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

Question

Quizplus · Accepted Answer

The value of used goods is not counted as part of GDP because they were already counted during the period when they were new goods. This is to avoid double counting in the calculation of GDP.

The Value of Used Goods ________ Counted as Part of GDP