You bought stock in 2010 for $100 and you sold it in 2012 for $200.You used a broker to sell the stock for you,and he charged you $20.This transaction contributed ________ to GDP.

Question

Quizplus · Accepted Answer

The broker's fee of $20 is the only part of the transaction that contributes to GDP, as it represents a service provided in the economy. The buying and selling of the stock itself are financial transactions and do not directly contribute to GDP.

You Bought Stock in 2010 for $100 and You Sold