Which of the following transactions would be included in the official calculation of GDP?
A)A student buys a used textbook at the bookstore.
B)Firestone sells $2 million worth of tires to General Motors.
C)You wash and wax your father's car as a favor to him.
D)You buy a new iPod.
E)You illegally download music off the Internet to put on your new iPod.

Question

Quizplus · Accepted Answer

Purchases of new goods, like a new iPod, are included in GDP calculations as they represent final consumption.

Which of the Following Transactions Would Be Included in the Official