The sale of a used automobile would not be included in GDP of the current year because it is ________.

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08-02-2022
Business

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The sale of a used automobile would not be included in GDP of the current year because it is ________.

Sagot :

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-02-22T05:51:34-05:00

The sale of a used automobile would not be included in GDP of the current year because it is not current production.

What is GDP?

GDP which full meaning is gross domestic product is use to determine the market value of goods and services or products in the market.

The sale of a used automobile will be excluded in the gross domestic product of the current year because is not a current production.

Which inturns means that the product (automobile) has already been used and therefore will not be counted.

Inconclusion the sale of a used automobile would not be included in GDP of the current year because it is not current production.

Learn more about GDP here:https://brainly.com/question/1383956

Sagot :

What is GDP?

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