Which of the following is a consumption good that would be counted in GDP?
A) A new bicycle purchased from Walmart
B) A vintage bottle of wine purchased at an auction
C) A washing machine purchased at a garage sale
D) Newly issued stock purchased online

Question

Quizplus · Accepted Answer

A new bicycle purchased from Walmart is a consumption good that is included in GDP because it is a newly produced item that is being sold to a consumer. The other options do not meet this criteria as the vintage bottle of wine is not a newly produced good, the washing machine purchased at a garage sale is a used good, and newly issued stock is a financial asset and not a physical good.

Which of the Following Is a Consumption Good That Would