Would selling a previously owned or older apartment building affect the GDP (secondhand good maybe)?
working on an assignment for macroeconomics (highschool so go easy =p) and just want to make sure I’ve got this one right.
***Keep in mind, this is assuming the expenditures approach is THE ONLY way to find GDP, therefore only using C, I, G, Xn
I’m guessing the answer is no. I know that secondhand goods do not affect GDP, and since the apartment has been previously owned and sold, it would be considered a secondhand good, correct?
Sell House Quick
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July 19th, 2009 at 10:28 am
You are correct sir.