Gross domestic product (GDP)includes:

Question

Quizplus · Accepted Answer

GDP only includes final goods and services. Intermediate goods are excluded because they are already accounted for in the price of the final goods. Used goods are also excluded because they do not represent current production. Foreign goods are only included if they are produced domestically, not if they are simply sold in the country. Quality goods and environmental bads are not directly included in GDP, although the production and sale of such things may impact GDP indirectly.

Gross Domestic Product (GDP)includes