A car that is produced in 2018 is not sold until 2019.According to the definition of GDP,in which year's GDP should it be counted?
A)2018
B)2019
C)Half of the sales price will count as part of 2018 GDP and half will count as part of 2019 GDP.
D)The production cost will count as part of 2018 GDP while the sales price will count as part of 2019 GDP.

Question

Quizplus · Accepted Answer

GDP measures the value of goods and services produced within a country in a specific time period. The car produced in 2018 contributes to the GDP of 2018, regardless of when it is sold.

A Car That Is Produced in 2018 Is Not Sold