Which of the following would be included in this year's GDP?
A) the value of a used car, at its sale price
B) the value of a new domestic automobile, at its sale price
C) a sale of Microsoft stock from one individual to another
D) the face value of a life insurance policy paid to a woman at the death of her husband

Question

Quizplus · Accepted Answer

Only the value of a new domestic automobile, at its sale price, would be included in GDP as it represents a newly produced good. Used cars (option A) are not newly produced and are excluded from GDP. The sale of Microsoft stock (option C) and the face value of a life insurance policy (option D) do not represent a production of goods or services and therefore are not included in GDP.

Which of the Following Would Be Included in This Year's