Solved

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions