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And if its sold 5 times in the year its 5x the GDP. Of course the value of the painting hasn't changed and their remains only 1.
by PaulKeeble 2mo ago
And if its sold 5 times in the year its 5x the GDP. Of course the value of the painting hasn't changed and their remains only 1.
- sokoloff 2mo agoResales of previously sold (used) goods are not included in GDP. Services to facilitate selling [auction fees, commissions, shipping, etc.] are new services and so get counted, but the underlying asset's resale is not.