A car that is produced in 2013 is not sold until 2014.According to the definition of GDP,in which year's GDP should it be counted?
A)2013
B)2014
C)Half of the sales price will count as part of 2013 GDP and half will count as part of 2014 GDP.
D)The production cost will count as part of 2013 GDP while the sales price will count as part of 2014 GDP.

Question

Quizplus · Accepted Answer

GDP measures the value of goods and services produced within a country in a given year. Since the car was produced in 2013, it should be counted in the GDP for 2013.

A Car That Is Produced in 2013 Is Not Sold