When calculating GDP,purchases of used goods are
A)included at the original price.
B)included by taking the original price and subtracting the (current)used price.
C)included at the (current)used price.
D)not included.
E)included at the original price minus any depreciation.

Question

Quizplus · Accepted Answer

Purchases of used goods are not included in the calculation of GDP as GDP only measures the production of new goods and services during a specified time period. Used goods, therefore, do not represent new production and are not taken into account.

When Calculating GDP,purchases of Used Goods Are