A good that would be counted as consumption in GDP would be:

Question

Quizplus · Accepted Answer

The Subway sandwich Tony ate for lunch would be counted as consumption in GDP because it is a final good that was purchased for immediate consumption by Tony.

B) The $10 Tony received after winning a bet with his friend would not be counted as consumption in GDP because it is not the result of a transaction involving a new good or service.

C) The $50 in wages Tony received that day from working all afternoon would be counted as part of national income, but not as consumption in GDP, as it is payment for a factor of production (labor) used in the production of goods and services.

A Good That Would Be Counted as Consumption in GDP