The market value of which of the items would be considered double (or multiple) counting in the calculation of GDP? Identify items into the appropriate category i. e. not included in GDP because of double counting and Included in GDP.
a. a used skateboard you buy for your brother
b. the commission paid to the seller of a previously owned collectors skateboard
c. a new building for tony hawk industries
d. used copy of the tony hawk video game
e. previously owned collectors skateboard
f. ticket for the X games bought from a person on a street corner
g. new skateboard you buy for your niece
h. Wheels used to produce a skateboard that will be sold new
Answers: 1
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