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ra1l [238]
3 years ago
10

Which of the following events would cause GDP for 2019 to increase?

Business
1 answer:
Dominik [7]3 years ago
4 0

Answer:

C In May 2019James buys a 2019 Honda Accord .

Explanation:

GDP refers to a country's monetary value of all the finished goods and services produced in a particular year. GDP incorporates the value of products and services produced within the country's boundaries regardless of who produced them.

Economists calculate GDP for a particular year by considering only the finished goods or services in that year. They calculate GDP using either the income, expenditure or the production approach. In any of the approaches, only the Honda produced and sold in 2019 will add to the GDP of 2019. The products that were finished in 2018 were accounted for in GDP for 2018.

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