Which of the following is included in measuring GDP?
A) The value added at each stage of production of a final product
B) The buying and selling of securities
C) The transfer of secondhand goods
D) Household services rendered by homemakers

Question

Quizplus · Accepted Answer

Measuring GDP includes capturing the value added at each stage of production of a final product, which is known as the value-added approach.

Answer: C 
 Measuring GDP does not include the transfer of secondhand goods as the value of those goods has already been accounted for in a previous period when they were first sold.

Answer: D 
 Measuring GDP does not include household services rendered by homemakers as they are not produced for the market and there is no market transaction involved.

Which of the Following Is Included in Measuring GDP