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23 December, 09:48

The value of a car produced and sold in 2000 and sold again to a second owner in 2008 would be included in GDP for: a. either 2000 or 2008, but not both. b. 2008 only. c. both 2000 and 2008. d. 2000 only.

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  1. 23 December, 10:50
    D: 2000 only.


    Gross Domestic Product (GDP) includes all final goods and services produced within a country, in a specific period and doesn't necessarily include all the transactions that are going in the economy.

    For example: Used domestic car buying or selling won't be counted for the GDP of current year, as it was manufactured and sold in 2000.
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