If the Purchase of Used Goods Was to Be Incorporated

question 33

Multiple Choice

If the purchase of used goods was to be incorporated into measuring GDP using the expenditure approach,then

• A)we also will have to account for spending on financial assets.
• B)it will be very difficult to assign a fair market value to a used good.
• C)we will be counting the value of the used goods both at the time of their production and at the time of their re-sale.
• D)we will have to account for the natural depreciation that a used good experiences.
• E)consumption spending would need to be adjusted for depreciation.

---

Definitions:

Recognize

To acknowledge or take notice of someone or something as being valid or important.

Nonwelded Texture

A characteristic of pyroclastic deposits where the individual particles are not fused together, indicating cooler temperatures during deposition.

Fine Particles

Tiny solid or liquid particles that are suspended in air or water, often referring to dust, soot, or other minute matter.