Which of the following would be included in GDP?

Question

Quizplus · Accepted Answer

A) Payment of the monthly telephone bill by Mr. Laconic is included in GDP because it is a payment for a service provided within the country during the year. Purchases of stocks (B) are financial transactions and not part of GDP. The purchase of a used limousine (C) is a transfer of ownership and does not reflect current production. The value of mittens knitted by Hilda Meier's mother (D) is not included because it is a non-market transaction and not sold in the marketplace.

Which of the Following Would Be Included in GDP