When Calculating GDP,purchases of Used Goods Are

question 83

Multiple Choice

When calculating GDP,purchases of used goods are

• A)not included.
• B)included at the original price.
• C)included at the (current)used price.
• D)included by taking the original price and subtracting the (current)used price.
• E)included at the original price minus any depreciation.

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Definitions:

Resale

The act of selling again, especially selling a purchased item to another buyer.

Adjustment Messages

Communications intended to address and rectify a mistake or misunderstanding.

Revise

To review, alter, and amend content or documents with the intention of making corrections or improvements.

Future Business

Planning and strategies aimed at navigating the challenges and leveraging opportunities that lie ahead for a business.