Which of the following would be included in this year's GDP?
A)one hundred shares of IBM stock that Tony Hanks bought this May
B)the used car Tracey sold to Justin
C)George Garcia's purchase of a fishing rod and reel at a garage sale
D)the $20 Sharon Johnson gave Dennis O'Brien as a reward for finding her lost wedding ring
E)that bucket of Kentucky Fried Chicken you bought this July

Question

Quizplus · Accepted Answer

The purchase of the bucket of Kentucky Fried Chicken would be included in this year's GDP, as it represents a transaction for a final good or service.

The other options do not represent transactions that would be included in GDP. Option A is a purchase of a financial asset, which is not counted in GDP. Option B is the sale of a used good, which was already counted in GDP in the year it was originally produced. Option C is a purchase of a used good, which was also already counted in GDP in the year it was originally produced. Option D is a transfer payment, and is not counted in GDP.

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