The calculation of this year's gross domestic product would include

Question

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The calculation of a country's gross domestic product (GDP) includes the market value of all final goods and services produced within a country in a given period. The purchase of a new automobile is a transaction that contributes to the GDP as it is a final good being sold in the market. Unemployment compensation (B) is a transfer payment and does not reflect the production of goods or services. The sale of used goods (C) does not contribute to the GDP as it does not represent new production. Personal services one provides for oneself (D), such as a lawyer cleaning his own apartment, do not have a market transaction and thus do not contribute to GDP.

The Calculation of This Year's Gross Domestic Product Would Include