Which of the following transactions would be included in GDP for 2011?
A) On January 5, 2011, Chris Carter sold 100 shares of stock in IBM Corporation.
B) Bonita Delgado purchases a new 2011 Chevrolet on March 10, 2011.
C) Nadav Daniel buys a used desk from the "Struggling Students Used Furniture" store on May 9, 2011.
D) Levi Lathan purchases a 75-year-old penthouse on Lake Shore Drive in Chicago, Illinois, on June 23, 2011.

Question

Quizplus · Accepted Answer

The purchase of a new 2011 Chevrolet would be considered a final good or service and therefore would be included in GDP for 2011.

None of the other transactions listed would be included in GDP for 2011 as they don't represent current production of goods or services. A sale of stock (A) does not represent production, but merely a transfer of ownership. Similarly, the purchase of a used desk (C) or a 75-year-old penthouse (D) do not represent current production and therefore are not included in GDP.

Which of the Following Transactions Would Be Included in GDP