Second-hand cars are not accounted for in the GDP. State true or false.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

Second-hand items are not taken into account while calculating GDP.

Suggest Corrections

Similar questions

Real GDP is always larger than real GDP per capita. State true or false.

Voluntary work at an NGO is a part of GDP. State true or false.

Both nominal and real GDP increase with the rise in the price level. State true or false.

Join BYJU'S Learning Program