Which one of the following transactions would be included in GDP?
A) Ava pays $50 for a used picture frame at a neighborhood garage sale.
B) Ethan donates $500 to his town's junior college scholarship fund.
C) Emily pays $500 to fix the front end of her car damaged in a recent accident.
D) Mia pays $5,000 to purchase 100 shares of Microsoft stock.

Question

Quizplus · Accepted Answer

Only transactions that involve the production of goods or services are included in GDP. Option A involves a used item, B is a donation, and D is a financial transaction. Option C involves the production of a service- the repair of the car.

Which One of the Following Transactions Would Be Included in GDP