Which of the following would be included in this year's gross domestic product (GDP)?
A)One hundred shares of IBM stock that Tony sold this May
B)A used car that Tracey sold to Justin
C)George's purchase of a fishing rod and reel at a garage sale
D)Sharon giving Dennis $20 as a reward for finding her ring
E)A bucket of Kentucky Fried Chicken that Kate bought this July

Question

Quizplus · Accepted Answer

Only the purchase of the bucket of Kentucky Fried Chicken counts towards GDP as it represents final consumption of goods and services. The other options involve the sale of a financial asset, a used good, a transaction between individuals that does not involve market activity, or a transfer payment which are not directly included in GDP.

Which of the Following Would Be Included in This Year's