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If my son sells his old Xbox system to raise money to buy the latest and greatest system, will the sale of the old system
If my son sells his old Xbox system to raise money to buy the latest and greatest system, will the sale of the old system show up in GDP?
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Yes, because GDP measures the value of final goods and the old Xbox will be used for final consumption.
Yes, because GDP includes imports and the Xbox was most likely imported.
No, because GDP includes only current production and does not include the value of used goods.
No, because GDP measures the market value and the old Xbox wasn't sold in a market.
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