Which of the below statements is NOT true about the Gross Domestic Product (GDP)?
o a
Ob
Ос
Od
Secondhand sales--the sales of used goods-are excluded from GDP
transactions that occur in the underground economy-economic activities that are not reported for legal or tax collection
purposes-are not counted in GDP.
it is possible to record every single good, service, and structure produced during the year to measure GDP,
If you buy new replacement tires for your automobile, for example, the tires are counted in GDP because they were intended for
final use by the customer