A consumption good that would be counted in GDP would be a:
A) new bicycle.
B) vintagebottle of wine purchased at an auction.
C) washing machine purchased at a garage sale.
D) A newly issued stock.

Question

Quizplus · Accepted Answer

A new bicycle is a tangible good intended for personal consumption and is purchased from a retailer or manufacturer, making it a consumption good that would be included in GDP.

B and C would not be counted in GDP as they are not new production, but rather pre-owned items being bought and sold in a secondary market.

D would also not be counted in GDP as it is not a tangible good or service, but rather a financial asset.

A Consumption Good That Would Be Counted in GDP Would