You just bought two used textbooks for $25 each. How much does GDP change because of your purchase?
A)GDP rises by $50.
B)GDP falls by $50.
C)GDP rises by $25.
D)GDP does not change.

Question

Quizplus · Accepted Answer

GDP does not change with the purchase of used goods because GDP measures the market value of all newly produced final goods and services within a country in a given period. Used textbooks are not newly produced goods.

You Just Bought Two Used Textbooks for $25 Each