<p>I am aware that secondhand goods are not counted in GDP due to double counting issues, but I want to ask about a specific case of transaction of second-hand goods. </p>

<p>For instance, what if a student buys a book for 20$, </p>

<p>uses the book  for a bit, and then sells it to a college bookstore for </p>

<p>40$? And what if the college bookstore sells that used book to another </p>

<p>student for 50$?</p>

<p>I know that for the second case, the 10 <span class="math-container">$ (50 $</span> - 40 $) will be counted in </p>

<p>GDP because this represents the bookstore's services created for providing </p>

<p>books. </p>

<p>But what about the first scenario, where a student sold the book to the </p>

<p>bookstore for 40 $? </p>

<p>Would the 20 <span class="math-container">$ (40 $</span> - 20 $) be counted in GDP? Or would </p>

<p>this just count as the increase in the student's wealth? </p>

<gdp>
Second-hand products in GDP
Robin
# Second-hand products in GDP

(Asked by: username_0 on 2020-06-12)

I am aware that secondhand goods are not counted in GDP due to double counting issues, but I want to ask about a specific case of transaction of second-hand goods.

For instance, what if a student buys a book for 20$,

uses the book for a bit, and then sells it to a college bookstore for

40$? And what if the college bookstore sells that used book to another

student for 50$?

I know that for the second case, the 10 $ (50 $ - 40 $) will be counted in

GDP because this represents the bookstore's services created for providing

books.

But what about the first scenario, where a student sold the book to the

bookstore for 40 $?

Would the 20 $ (40 $ - 20 $) be counted in GDP? Or would

this just count as the increase in the student's wealth?

**Tags:** gdp


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## 0 answers

