Which example would affect GDP, as measured by Statistics Canada?
A) A smartphone manufacturer sells mobile phones to an insurance company.
B) Isabelle receives $1000 from her mom as birthday gift.
C) Roberta purchases the condo that she used to rent.
D) A farmer takes 5000 litres of water from a nearby river.

Question

Quizplus · Accepted Answer

A) The sale of mobile phones by a manufacturer to an insurance company is a commercial transaction that involves the production and sale of goods, which contributes to the country's GDP. The other options do not involve the production of goods or services that are sold in the market, which is a key component of what is measured in GDP.

Which Example Would Affect GDP, as Measured by Statistics Canada