Multiple Choice
If we included the purchases of used goods in GDP,
A) we would be overestimating GDP
B) we would be underestimating GDP
C) we would be accurately measuring GDP
D) the effect on GDP would vary depending on what year the goods were sold new
E) we could offset any measurement problems by also including purchases of stocks and bonds
Correct Answer:

Verified
Correct Answer:
Verified
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Q14: Some of the inaccuracies in measuring GDP
Q15: Which of the following would be included
Q16: An example of a good whose production
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Q22: Which of the following is the best