Which of the following transactions is included in GDP?
A)You buy a used car for $10,000.
B)An unemployed worker receives a check for $450 as unemployment benefits.
C)You buy a one-acre lot in Florida where you plan to build a beach house.
D)Toyota builds 1,000 Accords in Kentucky at a cost of $25,000 each but is unable to sell them and, therefore, they are added to inventory.

Question

Quizplus · Accepted Answer

Only the production of goods or services that are sold at a final price to consumers or businesses is included in GDP. In this case, Toyota's production of the Accords adds to the inventory and is not sold, therefore it is not included in GDP.

Which of the Following Transactions Is Included in GDP