Which of the following are included in gross domestic product for an economy in a given year?

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) includes the value of final goods produced in that year, which are goods that are sold to the final user and are not used as an input in the production of other goods. Intermediate goods are excluded from GDP because their value is already included in the final goods they help produce. Used goods are also excluded from GDP because they were produced in a previous year and their value was already accounted for in GDP for that year. Stocks and bonds are financial assets and their sales do not directly contribute to current production or income, so they are not included in GDP.

Which of the Following Are Included in Gross Domestic Product