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

Question

Quizplus · Accepted Answer

Purchases of used goods are not included in GDP calculations because GDP measures the value of new production within a given time period, and used goods were already counted in GDP when they were first sold as new.

When Calculating GDP, Purchases of Used Goods Are