Which of the following is included in GDP?

Question

Quizplus · Accepted Answer

The sale of services such as visits to a doctor is included in GDP as it is a form of consumption expenditure.

Answer: B (if the sales are made through a market or economic transaction)
 The sale of used goods is included in GDP only if the sales are made through a market or economic transaction, which means the value of the goods sold is included as a component of GDP.

A) and D) are not included in GDP. The sale of stocks and bonds is not a part of current production or final goods and services; it is a financial transaction that does not contribute to GDP. Interest income from a savings account is also not included as it is considered a transfer payment, which is not considered in GDP.

Which of the Following Is Included in GDP