If You Buy a Five-Year-Old TV from a Friend, the Amount

question 69

Multiple Choice

If you buy a five-year-old TV from a friend, the amount you paid for the TV is

• A)included in this year's GDP only if the TV set was manufactured in the United States.
• B)always added to consumption expenditures but not investment.
• C)always added to investment but not consumption.
• D)added to investment if the TV is expected to last more than 5 additional years and added to consumption if the TV is expected to last less than 5 additional years.
• E)not included in this year's GDP.