A good produced in 2009 and held in inventory until it is sold in 2010 would be included in which measure of GDP?
A)Half the value in 2009 and half the value in 2010
B)In 2010 GDP
C)In both 2009 and 2010 GDP
D)In 2009 GDP

Question

Quizplus · Accepted Answer

Goods are included in the GDP of the year they are produced, not when they are sold. Therefore, a good produced in 2009 is included in the GDP for 2009, regardless of when it is sold.

A Good Produced in 2009 and Held in Inventory Until