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Mc
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Macro- GDP Walkthrough
whole thing) and the steering wheel inside
costs them $800, how much should the
Ferrari contribute to GDP?
Kayla Marie Olmeda
$200,000 (the Ferrari's price only)
Kim
Yes! Since the steering wheel is part of the
Ferrari, it's already included in the Ferrari's
price.
And last question - which of the
following is true about measuring GDP?
It's measured over some period of time and
may include value for some transactions where
money didn't actually change hands.
It's measured every few years and only
includes transactions where money actually
trades hands.
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