In 2015, John Buys a Factory Built in 2009 and Constructs

question 84

Essay

In 2015, John buys a factory built in 2009 and constructs a new storage house within the premises. The transaction of buying the factory is not counted in the GDP, but the construction of the storage house in the same factory is counted in GDP. Why?

---

Definitions:

PLC Models

PLC Models refer to the various designs and types of Programmable Logic Controllers used in industrial automation for process control.

Branches

In computer science, it refers to instructions in a program that can cause the execution to jump to a different part of the program based on a condition.

Input

Data or signals received by a system, device, or program for processing.

Output

An output refers to the data or signals that are produced by a system or process, transferring information from the inside to the outside.