multiple choice question\nsuppose an auto - manufacturer has 5,000 light - duty trucks left over on its lot…

multiple choice question\nsuppose an auto - manufacturer has 5,000 light - duty trucks left over on its lot at the end of the year 2016. in early 2017 the auto - manufacturer sells the trucks to a dealer. how will the value of these trucks be added to gdp?\nthe value of the trucks is included in gdp for 2017 since that is when they were sold.\nthe value of the trucks is included in gdp for 2017 as consumer expenditure.\nthe value of the trucks is included in gdp for 2016, since that is when they were produced.\nthe value of the trucks is not included in gdp for either year since, by the time they were sold, they were second - hand goods.\nthe value of the trucks is included in gdp for 2017 as investment.

multiple choice question\nsuppose an auto - manufacturer has 5,000 light - duty trucks left over on its lot at the end of the year 2016. in early 2017 the auto - manufacturer sells the trucks to a dealer. how will the value of these trucks be added to gdp?\nthe value of the trucks is included in gdp for 2017 since that is when they were sold.\nthe value of the trucks is included in gdp for 2017 as consumer expenditure.\nthe value of the trucks is included in gdp for 2016, since that is when they were produced.\nthe value of the trucks is not included in gdp for either year since, by the time they were sold, they were second - hand goods.\nthe value of the trucks is included in gdp for 2017 as investment.

Answer

Brief Explanations:

GDP measures the market value of all final goods and services produced within a country in a given period. The value of goods is counted in the GDP of the year they are produced, not the year they are sold. Since the trucks were produced in 2016, their value is included in 2016 GDP.

Answer:

The value of the trucks is included in GDP for 2016, since that is when they were produced.