Question

Transactions involving items produced in the past, such as the sale of a 5-year-old automobile by a used car dealership or the purchase of an antique rocking chair by a person at a yard sale, are__________

Answer 1

Answer and Explanation:

Are not included in GDP because GDP includes the production of goods and services in the current year only. the production of these goods was already included in the GDP of the year when these weere produced.