Ted moves into his first apartment. He buys a barely used washer/dryer set from Craigslist and hires a company to pick it up and deliver it to his apartment. What about this transaction will be counted in GDP?
A) The value of the washer/dryer set
B) The value of the delivery service
C) The value of the washer/dryer set and the delivery service
D) Nothing about this transaction will count toward GDP

Question

Quizplus · Accepted Answer

The value of the delivery service will be counted in GDP because it is a new service provided in the current year. The washer/dryer set is a used good and its sale does not contribute to GDP.

Ted Moves into His First Apartment