Which of the following is included in Australia's GDP?
i.The rental value of homes owned by Australian citizens
ii.The production of Cotton On t-shirts by their suppliers in India
iii.Tickets sold by Usher for concerts held in Sydney
A)i and iii
B)i only
C)i,ii and iii
D)ii and iii
E)ii only

Question

Quizplus · Accepted Answer

Australia's GDP includes the rental value of homes owned by Australian citizens (i) and tickets sold for concerts held in Sydney (iii), as both are domestic economic activities. The production of t-shirts by suppliers in India (ii) is not included as it is not produced within Australia.

Which of the Following Is Included in Australia's GDP