Solved

A Car That Is Produced in 2016 Is Not Sold

Question 121

Multiple Choice

A car that is produced in 2016 is not sold until 2017.According to the definition of GDP,in which year's GDP should it be counted?


A) 2016
B) 2017
C) Half of the sales price will count as part of 2016 GDP and half will count as part of 2017 GDP.
D) The production cost will count as part of 2016 GDP while the sales price will count as part of 2017 GDP.

Correct Answer:

verifed

Verified

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

Related Questions