Which of the following is likely to be excluded from the gross domestic product (GDP)of a country?
A)The value of the drugs being sold in a vacant lot
B)The value of the drugs being sold in a pharmacy
C)A doctor treating a patient in a hospital
D)The value of a new house bought by an individual
E)The value of new furnitures bought by an individual

Question

Quizplus · Accepted Answer

The value of drugs being sold in a vacant lot is likely to be excluded from the GDP because it is an illegal activity and therefore not accounted for in official economic statistics.

Answer: B, C, D, E
 The value of drugs being sold in a pharmacy would be included in the GDP as it represents a legal economic activity. Similarly, the services provided by a doctor in a hospital, the value of a new house bought by an individual, and the value of new furniture bought by an individual would all be included in the GDP as they represent legal economic activities.

Which of the Following Is Likely to Be Excluded from the Gross