Which of the following would be included in the calculation of GDP for 2012?
A) The price of a home built in 1991 and sold in 2012.
B) The price of 100 shares of Exxon stock purchased in 2012.
C) The price of a classic 1960 Thunderbird purchased in 2012.
D) The price of a new punch press built and purchased in 2012 to replace a worn-out machine.
E) The price of a used bicycle purchased at a garage sale in 2012.

Question

Quizplus · Accepted Answer

Only the purchase of a new punch press in 2012 would be included in the calculation of GDP as it represents a final good produced and sold in the current year. The other options involve the purchase of used goods, stocks, or assets that were not produced in the current year, and therefore would not be included in GDP.

Which of the Following Would Be Included in the Calculation