Which is included in GDP?
A)used autos purchased by consumers
B)transfer payments
C)telephone service for a home
D)bread for a restaurant

Question

Quizplus · Accepted Answer

Telephone service for a home is a final good or service that is actually used by the consumer and therefore counted in GDP. B and D are not counted in GDP because transfer payments are not purchases of final goods or services and bread purchased for a restaurant is considered an intermediate good, not a final good. Used autos could potentially be included in GDP if they were sold by a business or dealer, but if they were sold by a private individual they would not be counted in GDP.

Which Is Included in GDP