Which of the following would be included in the calculation of gross domestic product (GDP)?

Question

Quizplus · Accepted Answer

GDP includes the value of goods and services produced within a country's borders in a given time period. This includes the sale price of newly produced goods, like a new house purchased by Joe.

Answer A, C, D, and E are not included in the calculation of GDP:
A) used goods are not included as they were already counted in GDP when they were originally produced.
C) transfer payments like food stamps are not included as they do not represent production. 
D) buying bonds is not included as it is a financial transaction and does not represent production or final goods and services.
E) unemployment benefits are not included as they are a transfer payment and not a measure of production.

Which of the Following Would Be Included in the Calculation